ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
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
Footnotes
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.
