Alternative currencies are not only controlled by the price of Bitcoin
The evidence is that there are currencies whose prices are currently lower than when Bitcoin was at 17k
Here, the importance of following the dominance chart and the Ethereum chart appears because their impact on currencies is very significant
Understanding the movement of alternative currencies: Beyond Bitcoin's dominance
It is commonly believed that the price of Bitcoin is the only driver for the prices of alternative currencies (Altcoins), but this is not always the case. The evidence for this is the existence of alternative currencies whose prices are currently lower than they were when Bitcoin was at $17,000.
Understanding the movement of alternative currencies: Beyond Bitcoin's dominance
It is commonly believed that the price of Bitcoin is the only driver for the prices of alternative currencies (Altcoins), but this is not always the case. The evidence for this is the existence of alternative currencies whose prices are currently lower than they were when Bitcoin was at $17,000