The way I think of it is that its not that other coins quickly "follow" BTC price but that most coin's volume is trading with BTC so the default price for exchanges is how many of whatever-coin can I get for 1 BTC.
As BTC/$ price changes it essentially automatically changes the price of the other coin in terms of $.
Does this sounds about right?
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source https://www.reddit.com/r/btc/comments/bz6ebs/how_would_you_best_answer_the_question_why_do_all/
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