Which cryptocurrencies have shown a negative correlation to Bitcoin in the past year?

3 answers

• Long SuJun 30, 2023 · 2 years ago
  Certainly! Over the past year, several cryptocurrencies have shown a negative correlation to Bitcoin. Some of these include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have often moved in the opposite direction of Bitcoin's price movements, providing diversification opportunities for investors. It's important to note that correlation can change over time, so it's always recommended to conduct thorough research and analysis before making any investment decisions.
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• Hjelm RosarioNov 30, 2021 · 4 years ago
  Sure thing! In the past year, we've seen cryptocurrencies like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) exhibit a negative correlation to Bitcoin. This means that when Bitcoin's price goes up, these cryptocurrencies tend to go down, and vice versa. It's worth noting that correlation is not a guarantee of future performance, so it's important to consider other factors when making investment decisions.
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• Fernando DonatiFeb 26, 2024 · a year ago
  According to our analysis, Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) have shown a negative correlation to Bitcoin in the past year. This means that when Bitcoin's price goes up, these cryptocurrencies tend to experience price decreases, and vice versa. It's interesting to see how different cryptocurrencies can move in opposite directions, providing potential opportunities for investors to diversify their portfolios.
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