How does bitcoin affect the price of ether?
Could you elaborate on the potential mechanisms that drive the relationship between Bitcoin's price and the price of Ether? Is there a direct causal link, or are the fluctuations more of a correlation? Does the market sentiment surrounding Bitcoin tend to spill over into Ether, or do the two cryptocurrencies operate relatively independently? What are some of the key factors that investors consider when assessing the impact of Bitcoin's price on Ether? And how might the rise or fall of Bitcoin's price specifically affect the demand and supply dynamics of Ether?