Relation of steem/steem dollar with Bitcoin

Words
74
Reading
1 min
Listen
Play
8y

Hi All,
How are you ? Hope you all are well and doing a very good job.

Can anyone please guide me why the price of the steem and steem dollar is getting impacted on the fluctuation of the price of the bitcoin. Because I was watching for last few days that the price of both the coins (steem/steem dollar and bitcoin) is proportanate with each other.

Please advise me on this.

Thanks
poeticraise@poeticraise

Relation of steem/steem dollar with Bitcoin | Ecency