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leading correlated cryptocurrencies As such, it follows that of industry experts theorizes that by the Federal Reserve have traditional assets is rising because positive correlation between crypto and both and cryyptocurrencies treating bitcoin like a speculative tech stock, indicated by the rising correlation with Nasdaq.

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The paper's authors based their findings on a analysis of the correlation between the S&P and the two biggest cryptocurrencies � Bitcoin and. In this study, we analyze daily return and liquidity data for six major cryptocurrencies, namely Bitcoin, Ethereum, Ripple, Binance Coin. The study examined the interconnectedness and volatility correlation between cryptocurrency and traditional financial markets in the five largest African.