Market Structure
January 4, 2019, 2:19PM EST
• 3 min read

Correlation between cryptocurrency prices sharply increased in 2018

Larry Cermak

Quick Take

  • The prices of cryptocurrencies were highly correlated in 2018 with correlation growing substantially this year
  • The most correlated cryptocurrency was Ethereum followed by Bitcoin while the least correlated one was TRON
  • The traded volume of cryptocurrencies were also correlated, although significantly less so than prices
  • Bitcoin and Ethereum had the most correlated traded volume

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