No necessarely.
The thing is, only btc, ETH and LTC (bch maybe?)are widely traded against usd.
All other coins are traded against BTC, so changes on BTC/usd are heavily reflected on COIN/usd.
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No necessarely.
The thing is, only btc, ETH and LTC (bch maybe?)are widely traded against usd.
All other coins are traded against BTC, so changes on BTC/usd are heavily reflected on COIN/usd.