Conversely, a close-to-zero correlation indicates no linear relationship between two variables, and for the purpose of this analysis, the returns. Wedge or Running flat of Use.
Key Takeaways: Learning the role of price correlation is an fundamental concept for investors to minimize risk and maximize returns The historical correlation between crypto and conventional assets like the nasdaq is more complicated than it may seem While bitcoin and Ethereum have historically been closely correlated, investors are watching closely to see if this may be changing post-Merge The basics: What is crypto correlation? That means when one asset rises, the other rises as well. Investors and traders treat cryptocurrency the same way they treat stocks, so prices tend to trend the same. Many of the factors that affect stock prices also affect cryptocurrency prices. According to Tradingview, BTC and ETH appear to correlate, suggesting that cryptocurrencies, in general, have been trading similarly to each other.
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