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Ether: crypto most correlated to market in 2019

From asiatimes.com

Recent research shows that Ether (ETH) was the cryptocurrency most correlated to the rest of the crypto market in 2019. In a report published on January 22, the research arm of major cryptocurrency exchange Binance suggests that throughout 2019, ETH had an average correlation coefficient of 0.69, Cointelegraph reported. The paper, which compared correlation data of 20 top cryptocurrencies, reads: “Ether (ETH) is the highest correlated asset. With an average correlation coefficient of 0.69 throughout 2019, it is consistently among the most correlated assets. The coefficient started at 0.69 in Q1 and rose to 0.72 in Q4 ... (full story)

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  • Category: Fundamental Analysis