Advertisement
UK markets close in 24 minutes

  • FTSE 100

    8,137.38
    +58.52 (+0.72%)
     

  • FTSE 250

    19,818.65
    +216.67 (+1.11%)
     

  • AIM

    755.35
    +2.23 (+0.30%)
     

  • GBP/EUR

    1.1667
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2465
    -0.0046 (-0.37%)
     

  • Bitcoin GBP

    51,264.55
    +409.48 (+0.81%)
     

  • CMC Crypto 200

    1,331.68
    -64.86 (-4.65%)
     

  • S&P 500

    5,104.60
    +56.18 (+1.11%)
     

  • DOW

    38,202.80
    +117.00 (+0.31%)
     

  • CRUDE OIL

    83.63
    +0.06 (+0.07%)
     

  • GOLD FUTURES

    2,344.80
    +2.30 (+0.10%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,157.60
    +240.32 (+1.34%)
     

  • CAC 40

    8,097.32
    +80.67 (+1.01%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Correlation between cryptocurrency prices is decreasing, but still strong

Larry Cermak
Cross-asset correlations are still high, but they seem to be decreasing, according to new analysis by The Block. A major issue for cryptocurrency investors is the inability to truly diversify their cryptocurrency holdings.The post Correlation between cryptocurrency prices is decreasing, but still strong appeared first on The Block.

Cross-asset correlations are still high, but they seem to be decreasing, according to new analysis by The Block.

A major issue for cryptocurrency investors is the inability to truly diversify their cryptocurrency holdings. When the price of one cryptocurrency falls, generally the majority of other cryptocurrencies will fall as well.

The lack of uncorrelated permissionless cryptocurrencies has a negative effect on the creation of on-chain crypto-collateralized derivative markets with sufficient liquidity.

In early January, The Block performed a similar analysis and found that cryptocurrency prices were highly correlated in 2018, with correlation growing substantially from 2017. In 2018, the most correlated cryptocurrency was Ethereum followed by Bitcoin while the least correlated was TRON.

Join Genesis now and continue reading, Correlation between cryptocurrency prices is decreasing, but still strong!