Correlation between cryptocurrency prices is decreasing, but still strong

InstitutionalJune 24, 2019, 12:49PM EDT
UPDATED: March 18, 2022, 4:58PM EDT
Correlation between cryptocurrency prices is decreasing, but still strong
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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.

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