{"id":1070,"date":"2021-10-28T13:46:11","date_gmt":"2021-10-28T13:46:11","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=1070"},"modified":"2025-09-22T15:32:54","modified_gmt":"2025-09-22T15:32:54","slug":"how-bitcoin-price-has-great-influence-on-other-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies","title":{"rendered":"How Bitcoin Price Has Great Influence On Other Cryptocurrencies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dec3643a2cf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dec3643a2cf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Understanding_Bitcoin_as_the_Market_Leader\" >Understanding Bitcoin as the Market Leader<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Investor_Psychology_and_Market_Sentiment\" >Investor Psychology and Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Liquidity_and_Market_Capitalization\" >Liquidity and Market Capitalization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Correlation_with_Ethereum_and_Other_Altcoins\" >Correlation with Ethereum and Other Altcoins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Influence_of_Bitcoin_Halving_Effects\" >Influence of Bitcoin Halving Effects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Frequently_Asked_Questions_FAQs_on_Influence_of_Bitcoin_Price_on_Cryptocurrencies\" >Frequently Asked Questions (FAQs) on Influence of Bitcoin Price on Cryptocurrencies\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#How_do_government_regulations_play_into_Bitcoins_influence\" >How do government regulations play into Bitcoin\u2019s influence?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Can_altcoins_outperform_Bitcoin_after_a_halving\" >Can altcoins outperform Bitcoin after a halving?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Do_meme_coins_follow_Bitcoin_too\" >Do meme coins follow Bitcoin too?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Do_stablecoins_have_a_correlation_with_Bitcoin\" >Do stablecoins have a correlation with Bitcoin?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Bitcoin still steals the spotlight even more than a decade after it was created. Today, it makes up nearly <\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">60%<\/span><span style=\"font-weight: 400;\"> of the entire crypto market, with every other coin sharing the remaining slice.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important to note this dominance because when <a href=\"https:\/\/prestmit.io\/blog\/bitcoin-101\">Bitcoin<\/a> moves, the rest of the market usually moves with it. Prices shift, investors react, and the mood across the crypto world can change in an instant. Because of this, everyone from casual traders to major institutions watches it closely.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we\u2019ll look at how Bitcoin\u2019s price swings influence other cryptocurrencies and why following it closely can give you a better sense of what\u2019s coming next.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_Bitcoin_as_the_Market_Leader\"><\/span><b>Understanding Bitcoin as the Market Leader<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8174 size-full lazyload\" data-src=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/05\/MotleyFool-TMOT-feccc6d4-bitcoin-logo.jpg\" alt=\"Bitcoin influence on other cryptocurrencies \" width=\"1320\" height=\"880\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/05\/MotleyFool-TMOT-feccc6d4-bitcoin-logo.jpg 1320w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/05\/MotleyFool-TMOT-feccc6d4-bitcoin-logo-1024x683.jpg 1024w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/05\/MotleyFool-TMOT-feccc6d4-bitcoin-logo-150x100.jpg 150w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2023\/05\/MotleyFool-TMOT-feccc6d4-bitcoin-logo-768x512.jpg 768w\" data-sizes=\"(max-width: 1320px) 100vw, 1320px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1320px; --smush-placeholder-aspect-ratio: 1320\/880;\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin wasn\u2019t just the first cryptocurrency; it kicked off a new era of money. Launched in 2009 by the mysterious Satoshi Nakamoto, it introduced the idea of a digital currency that didn\u2019t rely on banks or governments. At first, it was mostly an experiment used by tech enthusiasts and curious early adopters, but it quickly grew into something much bigger.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin holds its place as the leader of the crypto world for a few key reasons. First, trust: its code is open for anyone to see, its supply is capped, and it is decentralized (no single person or company pulls the strings).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Second, adoption: more people used it, exchanges listed it, and businesses began accepting and supporting it faster than any other cryptocurrency. And third, size and <a href=\"https:\/\/prestmit.io\/blog\/all-you-need-to-know-about-bitcoin-liquidity\">liquidity<\/a>: it is the biggest and most traded coin, which makes it the natural benchmark for all others.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because of these factors, Bitcoin isn\u2019t just number one; it is the coin every other cryptocurrency is measured against. Its price, its trends, and even its setbacks influence how people view and value other coins. Many <a href=\"https:\/\/prestmit.io\/blog\/how-to-analyze-altcoins-before-investing-in-them\">altcoins<\/a> are designed with Bitcoin as a reference point, and investors often compare their performance to Bitcoin\u2019s to see whether a coin is truly gaining momentum or just following the crowd.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investor_Psychology_and_Market_Sentiment\"><\/span><b>Investor Psychology and Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Investors are human, and human behavior is deeply influenced by emotions. When Bitcoin\u2019s price goes up, it usually boosts confidence across the crypto market. That confidence often spreads to other cryptocurrencies, encouraging people to buy altcoins and take more risks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, on September 15, 2025, Bitcoin&#8217;s price increased by 4.42%, reaching<\/span> <span style=\"font-weight: 400;\">$116,031<\/span><span style=\"font-weight: 400;\">, driven by optimism surrounding potential U.S. interest rate cuts. XRP followed, rising 1.5% during the same period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, when Bitcoin drops, fear sets in. Investors start selling, not just Bitcoin, but other coins too. Negative news like exchanges getting hacked, government crackdowns, or regulatory bans can make these sell-offs even more aggressive. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, when China banned crypto mining in 2021, Bitcoin lost about half its value in a short time. Such events show how quickly sentiment can shift and how closely investor behavior is tied to both Bitcoin and external news.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Liquidity_and_Market_Capitalization\"><\/span><b>Liquidity and Market Capitalization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Liquidity is another big reason why Bitcoin has such a strong influence on other cryptocurrencies. Bitcoin\u2019s massive market cap, currently in the trillions, and deep trading volumes make it the most liquid cryptocurrency. This makes it the easiest cryptocurrency to buy and sell without causing huge price swings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But here\u2019s the catch: because Bitcoin is so big and actively traded, any major movement sends ripples across the entire crypto market. Altcoins, which usually have smaller market caps and less liquidity, are far more sensitive to Bitcoin\u2019s fluctuations. Even a small 5% dip in Bitcoin can send smaller coins falling 10\u201315%, as nervous traders rush to adjust their positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why traders pay close attention to Bitcoin\u2019s key support and resistance levels before buying or selling altcoins. When Bitcoin moves, investors adjust their positions, creating a ripple effect that can drive trading activity and price changes across the market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Correlation_with_Ethereum_and_Other_Altcoins\"><\/span><b>Correlation with Ethereum and Other Altcoins<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In crypto speak, correlation simply means how much two coins\u2019 prices move together. If Bitcoin goes up and another coin usually goes up too, that\u2019s a strong correlation. If one rises while the other falls, that\u2019s negative correlation. And if their movements don\u2019t really match, the correlation is weak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Experts measure this using something called the Pearson correlation coefficient. It\u2019s just a scale from -1 to +1:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">+1: The two coins move almost exactly in the same direction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">0: No real connection in how they move.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">-1: They usually move in opposite directions.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now, how does this play out in practice? Most major altcoins like <a href=\"https:\/\/prestmit.io\/blog\/ethereum-101\">Ethereum<\/a>, <a href=\"https:\/\/prestmit.io\/blog\/litecoin-101\">Litecoin<\/a>, and Chainlink tend to move closely with Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But it\u2019s not always a perfect mirror. Unique events can break the link. For instance, at the start of 2023, Bitcoin and Ethereum were moving almost hand in hand, with a correlation close to <\/span><span style=\"font-weight: 400;\">0.95<\/span><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Basically, when Bitcoin moved, Ethereum almost always followed. But after Ethereum\u2019s Shanghai upgrade in April that year, which let people withdraw staked ETH for the first time, the link loosened a bit. The correlation dropped to around 0.82, showing that Ethereum\u2019s price was starting to be driven more by its own news than just Bitcoin\u2019s moves.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For investors, watching these correlations is useful. If a coin is closely tied to BTC, you can expect it to rise or fall along with Bitcoin. Coins that aren\u2019t as closely linked might give you a chance to hedge or find different opportunities.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Influence_of_Bitcoin_Halving_Effects\"><\/span><b>Influence of Bitcoin Halving Effects<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-13013 size-full lazyload\" data-src=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2024\/07\/BitcoinHalving1.jpg\" alt=\"Bitcoin influence on other cryptocurrencies \" width=\"1280\" height=\"853\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2024\/07\/BitcoinHalving1.jpg 1280w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2024\/07\/BitcoinHalving1-1024x682.jpg 1024w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2024\/07\/BitcoinHalving1-150x100.jpg 150w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2024\/07\/BitcoinHalving1-768x512.jpg 768w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/853;\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/prestmit.io\/blog\/bitcoin-halving-how-it-works-and-its-relevance\">Bitcoin halving<\/a> highlight the influence of ghe coin on the market. Every four years, the reward for <a href=\"https:\/\/prestmit.io\/blog\/what-is-bitcoin-mining-how-does-it-work\">mining Bitcoin<\/a> is cut in half. This slows down the creation of new coins, making Bitcoin more scarce, and history shows that scarcity usually pushes its price higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Scarcity matters. Each time supply tightens, Bitcoin\u2019s price has historically surged, and when Bitcoin rallies, the rest of the crypto market almost always follows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s a peek at how the past halvings influenced prices:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2012 Halving: BTC was about $12 at the time. Within about a year, it climbed past $1,000 as interest and adoption surged.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2016 Halving: BTC was $650-$651 at the halving. By late 2017, it neared $20,000.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2020 Halving: BTC came into the event at around $8,000-$9,000. In 2021, it shot up to approximately $67,000-$69,000, and many altcoins followed with large gains.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2024 Halving: BTC rallied strongly after the halving, breaking above $100,000 in some periods and setting new records.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These patterns explain why traders and investors watch halving events so closely. They don\u2019t just drive up Bitcoin\u2019s price; they often kick off entire bull runs across the crypto market. Each halving acts like a spark, boosting confidence, attracting new money, and setting the stage for both Bitcoin and altcoins to surge.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs_on_Influence_of_Bitcoin_Price_on_Cryptocurrencies\"><\/span><b>Frequently Asked Questions (FAQs) on Influence of Bitcoin Price on Cryptocurrencies\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_do_government_regulations_play_into_Bitcoins_influence\"><\/span><b>How do government regulations play into Bitcoin\u2019s influence?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Government regulations play into Bitcoin&#8217;s influence because Bitcoin is seen as the benchmark. Regulations aimed at it often spill over into altcoins, either boosting or dragging them down.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_altcoins_outperform_Bitcoin_after_a_halving\"><\/span><b>Can altcoins outperform Bitcoin after a halving?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, sometimes altcoins can outperform Bitcoin after a halving. Once Bitcoin establishes momentum, investors often rotate profits into altcoins, and some coins have historically delivered bigger percentage gains than Bitcoin.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_meme_coins_follow_Bitcoin_too\"><\/span><b>Do meme coins follow Bitcoin too?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, most of the time, meme coins follow Bitcoin. When Bitcoin rises, investors often pile into riskier meme coins like Dogecoin and Shiba Inu. But when BTC drops, meme coins usually fall even harder since they\u2019re more volatile and lack strong fundamentals.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_stablecoins_have_a_correlation_with_Bitcoin\"><\/span><b>Do stablecoins have a correlation with Bitcoin?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No, stablecoins don\u2019t have a correlation with Bitcoin in the way altcoins do. Stablecoins like USDT or USDC are pegged to the U.S. dollar, so their price doesn\u2019t track Bitcoin. Instead, they serve as a safe zone for traders during volatility.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">We\u2019ve seen how Bitcoin\u2019s dominance, liquidity, and psychology-shaping power make it the anchor of the crypto world. From halving events that flip the supply switch to correlations that pull altcoins along for the ride, Bitcoin\u2019s movements ripple far beyond its own price chart.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For investors, that means two things: watching Bitcoin is non-negotiable, but blindly assuming everything will follow it can be risky. Some altcoins break away, some exaggerate Bitcoin\u2019s moves, and others carve their own path entirely.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the end, understanding Bitcoin\u2019s outsized influence isn\u2019t about glorifying Bitcoin; it is about using that knowledge to anticipate market shifts, manage risk smarter, and spot opportunities others might miss.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin still steals the spotlight even more than a decade after it was created. Today, it makes up nearly \u00a060% of the entire crypto market, with every other coin sharing the remaining slice.\u00a0 It is important to note this dominance because when Bitcoin moves, the rest of the market usually moves with it. Prices shift, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":15843,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[12,499,14],"class_list":["post-1070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Bitcoin Price Has Great Influence On Other Cryptocurrencies - Prestmit<\/title>\n<meta name=\"description\" content=\"Discover the influence of Bitcoin on other cryptocurrencies. This understanding helps you to know the power of Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Bitcoin Price Has Great Influence On Other Cryptocurrencies\" \/>\n<meta property=\"og:description\" content=\"Discover the influence of Bitcoin on other cryptocurrencies. This understanding helps you to know the power of Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\" \/>\n<meta property=\"og:site_name\" content=\"Prestmit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/prestmit\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/prestmit\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-28T13:46:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-22T15:32:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/image-210.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kolade Elusanmi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/www.twitter.com\/prestmit\" \/>\n<meta name=\"twitter:site\" content=\"@prestmit\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kolade Elusanmi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\"},\"author\":{\"name\":\"Kolade Elusanmi\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#\\\/schema\\\/person\\\/fe1c4128cb422173c2e9cedf9890d6e3\"},\"headline\":\"How Bitcoin Price Has Great Influence On Other Cryptocurrencies\",\"datePublished\":\"2021-10-28T13:46:11+00:00\",\"dateModified\":\"2025-09-22T15:32:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\"},\"wordCount\":1413,\"publisher\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.prestmit.io\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/image-210.png\",\"keywords\":[\"bitcoin\",\"Bitcoin price\",\"cryptocurrency\"],\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\",\"url\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\",\"name\":\"How Bitcoin Price Has Great Influence On Other Cryptocurrencies - Prestmit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.prestmit.io\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/image-210.png\",\"datePublished\":\"2021-10-28T13:46:11+00:00\",\"dateModified\":\"2025-09-22T15:32:54+00:00\",\"description\":\"Discover the influence of Bitcoin on other cryptocurrencies. This understanding helps you to know the power of Bitcoin.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage\",\"url\":\"https:\\\/\\\/blog.prestmit.io\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/image-210.png\",\"contentUrl\":\"https:\\\/\\\/blog.prestmit.io\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/image-210.png\",\"width\":2400,\"height\":1260,\"caption\":\"Influence of Bitcoin on other cryptocurrencies\u00a0\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Bitcoin Price Has Great Influence On Other Cryptocurrencies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/\",\"name\":\"Prestmit\",\"description\":\"Blog\",\"publisher\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#organization\"},\"alternateName\":\"Prest\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#organization\",\"name\":\"Prestmit\",\"alternateName\":\"Prestmit\",\"url\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/blog.prestmit.io\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Prestmit-Image.jpg\",\"contentUrl\":\"https:\\\/\\\/blog.prestmit.io\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Prestmit-Image.jpg\",\"width\":2370,\"height\":1670,\"caption\":\"Prestmit\"},\"image\":{\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/prestmit\",\"https:\\\/\\\/x.com\\\/prestmit\",\"https:\\\/\\\/www.instagram.com\\\/prestmit\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/#\\\/schema\\\/person\\\/fe1c4128cb422173c2e9cedf9890d6e3\",\"name\":\"Kolade Elusanmi\",\"description\":\"Kolade is a financial and cryptocurrency writer with years of experience developing well-researched, SEO-friendly articles that are engaging, relatable, and compelling. His writings are flexible and unique, as he is keen on converting readers to users with his educative and descriptive articles.\",\"sameAs\":[\"https:\\\/\\\/prestmit.io\",\"https:\\\/\\\/www.facebook.com\\\/prestmit\",\"https:\\\/\\\/www.instagram.com\\\/prestmit\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/www.twitter.com\\\/prestmit\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCtfCmHtHdpU0cOW3JY1pnMA\"],\"url\":\"https:\\\/\\\/prestmit.io\\\/blog\\\/author\\\/idklade\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Bitcoin Price Has Great Influence On Other Cryptocurrencies - Prestmit","description":"Discover the influence of Bitcoin on other cryptocurrencies. This understanding helps you to know the power of Bitcoin.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies","og_locale":"en_US","og_type":"article","og_title":"How Bitcoin Price Has Great Influence On Other Cryptocurrencies","og_description":"Discover the influence of Bitcoin on other cryptocurrencies. This understanding helps you to know the power of Bitcoin.","og_url":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies","og_site_name":"Prestmit","article_publisher":"https:\/\/www.facebook.com\/prestmit","article_author":"https:\/\/www.facebook.com\/prestmit","article_published_time":"2021-10-28T13:46:11+00:00","article_modified_time":"2025-09-22T15:32:54+00:00","og_image":[{"width":2400,"height":1260,"url":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/image-210.png","type":"image\/png"}],"author":"Kolade Elusanmi","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/www.twitter.com\/prestmit","twitter_site":"@prestmit","twitter_misc":{"Written by":"Kolade Elusanmi","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#article","isPartOf":{"@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies"},"author":{"name":"Kolade Elusanmi","@id":"https:\/\/prestmit.io\/blog\/#\/schema\/person\/fe1c4128cb422173c2e9cedf9890d6e3"},"headline":"How Bitcoin Price Has Great Influence On Other Cryptocurrencies","datePublished":"2021-10-28T13:46:11+00:00","dateModified":"2025-09-22T15:32:54+00:00","mainEntityOfPage":{"@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies"},"wordCount":1413,"publisher":{"@id":"https:\/\/prestmit.io\/blog\/#organization"},"image":{"@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage"},"thumbnailUrl":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/image-210.png","keywords":["bitcoin","Bitcoin price","cryptocurrency"],"articleSection":["Cryptocurrency"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies","url":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies","name":"How Bitcoin Price Has Great Influence On Other Cryptocurrencies - Prestmit","isPartOf":{"@id":"https:\/\/prestmit.io\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage"},"image":{"@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage"},"thumbnailUrl":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/image-210.png","datePublished":"2021-10-28T13:46:11+00:00","dateModified":"2025-09-22T15:32:54+00:00","description":"Discover the influence of Bitcoin on other cryptocurrencies. This understanding helps you to know the power of Bitcoin.","breadcrumb":{"@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#primaryimage","url":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/image-210.png","contentUrl":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/image-210.png","width":2400,"height":1260,"caption":"Influence of Bitcoin on other cryptocurrencies\u00a0"},{"@type":"BreadcrumbList","@id":"https:\/\/prestmit.io\/blog\/how-bitcoin-price-has-great-influence-on-other-cryptocurrencies#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prestmit.io\/blog\/"},{"@type":"ListItem","position":2,"name":"How Bitcoin Price Has Great Influence On Other Cryptocurrencies"}]},{"@type":"WebSite","@id":"https:\/\/prestmit.io\/blog\/#website","url":"https:\/\/prestmit.io\/blog\/","name":"Prestmit","description":"Blog","publisher":{"@id":"https:\/\/prestmit.io\/blog\/#organization"},"alternateName":"Prest","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prestmit.io\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prestmit.io\/blog\/#organization","name":"Prestmit","alternateName":"Prestmit","url":"https:\/\/prestmit.io\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prestmit.io\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/11\/Prestmit-Image.jpg","contentUrl":"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/11\/Prestmit-Image.jpg","width":2370,"height":1670,"caption":"Prestmit"},"image":{"@id":"https:\/\/prestmit.io\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/prestmit","https:\/\/x.com\/prestmit","https:\/\/www.instagram.com\/prestmit"]},{"@type":"Person","@id":"https:\/\/prestmit.io\/blog\/#\/schema\/person\/fe1c4128cb422173c2e9cedf9890d6e3","name":"Kolade Elusanmi","description":"Kolade is a financial and cryptocurrency writer with years of experience developing well-researched, SEO-friendly articles that are engaging, relatable, and compelling. His writings are flexible and unique, as he is keen on converting readers to users with his educative and descriptive articles.","sameAs":["https:\/\/prestmit.io","https:\/\/www.facebook.com\/prestmit","https:\/\/www.instagram.com\/prestmit","https:\/\/x.com\/https:\/\/www.twitter.com\/prestmit","https:\/\/www.youtube.com\/channel\/UCtfCmHtHdpU0cOW3JY1pnMA"],"url":"https:\/\/prestmit.io\/blog\/author\/idklade"}]}},"_links":{"self":[{"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/posts\/1070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/comments?post=1070"}],"version-history":[{"count":4,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/posts\/1070\/revisions"}],"predecessor-version":[{"id":15844,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/posts\/1070\/revisions\/15844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/media\/15843"}],"wp:attachment":[{"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/media?parent=1070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/categories?post=1070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prestmit.io\/blog\/wp-json\/wp\/v2\/tags?post=1070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}