<p>The prices of basically all altcoins follows that of Bitcoin's. So generally when Bitcoin goes up, so do altcoins', when it drops, so do altcoins'. This is generally because altcoins are primarily used as a way for people to get more Bitcoin.</p>

CC BY-SA 3.0
2017-06-17T04:08:51.597Z
2017-06-17T04:08:51.597Z
Ava Chow
<p>May be there is no relation because <a href="https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation" rel="nofollow noreferrer">correlation does not imply causation</a>. However, I am not an expert.</p>

CC BY-SA 3.0
2017-06-16T07:50:41.013Z
2017-06-16T07:50:41.013Z
Önder Gürcan
<p>I don't know much about cryptocurrencies, but I was looking at the Coinbase value graphs of bitcoin and ethereum, and noticed that even on one day, every single dip and peak affect all three currencies displayed. Why is that?</p>

<p><a href="https://i.sstatic.net/tpRf6.png" rel="nofollow noreferrer">Value graph</a></p>

CC BY-SA 3.0
2017-06-27T02:21:18.523Z
related: [Correlation between Ripple and Bitcoin](https://bitcoin.stackexchange.com/q/36295/5406)
Murch
<exchange-rate><market><price-discovery><altcoin-trade>
Bitcoin, Ethereum and Litecoin value graph look very similar
user2255273
# Bitcoin, Ethereum and Litecoin value graph look very similar

(Asked by: username_0 on 2017-06-16)

I don't know much about cryptocurrencies, but I was looking at the Coinbase value graphs of bitcoin and ethereum, and noticed that even on one day, every single dip and peak affect all three currencies displayed. Why is that?

[Value graph](https://i.sstatic.net/tpRf6.png)

**Tags:** exchange-rate, market, price-discovery, altcoin-trade

> **Comments:**
> **username_1**: related: [Correlation between Ripple and Bitcoin](https://bitcoin.stackexchange.com/q/36295/5406)  

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## 2 answers

### Answer by username_2 on 2017-06-17. Score: 1

The prices of basically all altcoins follows that of Bitcoin's. So generally when Bitcoin goes up, so do altcoins', when it drops, so do altcoins'. This is generally because altcoins are primarily used as a way for people to get more Bitcoin.


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### Answer by username_3 on 2017-06-16. Score: 0

May be there is no relation because [correlation does not imply causation](https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation). However, I am not an expert.


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