Hmm, maybe because people who want to buy ETH do so by first buying BTC?
And secondly, if market sentinent goes up or down, all cryptos are somewhat performing well or bad at the same time. Similar like stocks, if e.g. some bad news on health care politics, all stocks affected, in this example pharma stocks, go down. But maybe I am too naive, could well be.
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Interesting thoughts I agree somewhat! But if you look at the striking similarity in the charts then they are too linked! Surely market sentiment could not send these 2 entities up and down and be correlated so closely! And nowadays you don't need to buy bitcoin to buy other cryptos! Although I agree what you say I think that the bots are in control......