Which cryptocurrencies have a positive correlation with Bitcoin?

3 answers

• Apr 30, 2022 · 3 years ago
  Yes, there are several cryptocurrencies that have a positive correlation with Bitcoin. Some of the most notable ones include Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies often experience similar price movements to Bitcoin, meaning that when Bitcoin's price goes up, their prices tend to follow suit. It's important to note that correlation does not imply causation, and the correlation between Bitcoin and other cryptocurrencies can change over time.
  484

  242
• Apr 30, 2022 · 3 years ago
  Definitely! Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) are known to have a positive correlation with Bitcoin. This means that when Bitcoin's price goes up or down, these cryptocurrencies usually move in the same direction. It's worth mentioning that correlation doesn't guarantee the same percentage increase or decrease, but rather a general tendency to move together. Keep in mind that the correlation between Bitcoin and other cryptocurrencies can vary, so it's always a good idea to do your own research and stay updated with the latest market trends.
  567

  189
• Apr 30, 2022 · 3 years ago
  According to BYDFi, a well-known digital currency exchange, Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) are among the cryptocurrencies that have a positive correlation with Bitcoin. This means that when Bitcoin's price goes up or down, these cryptocurrencies tend to follow the same trend. However, it's important to note that correlation can change over time and may not always be consistent. It's always a good idea to diversify your investment portfolio and consider other factors when making investment decisions.
  528

  132