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Nowhere to Hide In Crypto as Digital Asset Ties Tighten in Slump

  • Correlation between coins has increased during recent rout
  • Cryptocurrencies remain uncorrelated to other major assets
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Bitcoin’s ties to other cryptocurrencies are becoming suffocating in the rout.

Digital coins are famously uncorrelated to other assets but they’re highly correlated with each other. That lifted the whole market up last year, but this year it means they’re all falling together, leaving crypto investors with little refuge.