Does the price of Bitcoin affect the price of BCH?

[ONUS]

There is a clear correlation between the price of Bitcoin (BTC) and Bitcoin Cash (BCH), two leading cryptocurrencies in the market. Despite BCH's split from BTC in 2017 aimed at enhancing scalability and faster transactions, it still feels the influence of BTC's price. This is often observed in recent price fluctuations. When the price of Bitcoin surges, the cryptocurrency market generally becomes bullish, with investments gradually shifting from Bitcoin to other cryptocurrencies like BCH, driving up BCH's price. Conversely, when Bitcoin's price decreases, this downward momentum typically spreads to other cryptocurrencies, including BCH, leading to price declines. However, in some instances, BCH may experience independent price fluctuations, especially when specific events or improvements related to BCH occur without significantly impacting Bitcoin's price. In summary, in the cryptocurrency market, the price of Bitcoin often affects the price of BCH, but there are also separate factors that can independently change BCH's price.