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The relationship between Bitcoin and altcoins is deep, as the altcoin season<\/a> is majorly controlled by BTC\u2019s price fluctuation. As Bitcoin is the pillar of the crypto market, its bull run tends to fund altcoin\u2019s uptrend and vice-versa.<\/p>\n However, the current trend of the crypto market severely plummeted to its yearly lows as FTX\u2019s downfall has wiped out billions of dollars from the global market capitalization as it is hovering around the $800 billion mark after plunging hard from the $1 trillion mark. As BTC\u2019s price struggles to come out of its prolonged $16.5K<\/a> bearish consolidation, it may soon thrash several altcoins to worse price levels.\u00a0<\/p>\n As the crypto market is left with a great scarcity in inflow, several leading assets, including Bitcoin and Ethereum, face hurdles to overcome their yearly lows. Being the center of the crypto economy, Bitcoin\u2019s downfall makes it harder for altcoins to ignite bullish hopes for investors as it lacks investors\u2019 trust and interest in investing in them.\u00a0<\/p>\n A well-known crypto analyst, Dentoshi, states<\/a> that the 4-hour price chart of Bitcoin struggles to break its current bearish range, which was triggered by FTX\u2019s collapse. The analyst highlighted that BTC might bring strong bearish pressure if it fails to reach its EMA-100 trend line at $17,069.\u00a0<\/p>\nBitcoin\u2019s Bearish Mood May Send Altcoins To A Death Spiral!<\/h2>\n