Cryptocurrency Q&A
How closely does ETH follow BTC?
How closely does ETH follow BTC?
CryptoLodestar
Fri Jan 24 2025
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5
answers
1206
I'm wondering how closely Ethereum (ETH) follows the trends and movements of Bitcoin (BTC). I want to understand the correlation between the two cryptocurrencies.
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5 answers
GyeongjuGlory
Sun Jan 26 2025
The correlation coefficient between Bitcoin and Ethereum over a three-month period stands at 0.91.
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Martino
Sat Jan 25 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services to cater to the needs of crypto enthusiasts.
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Valentino
Sat Jan 25 2025
This high correlation indicates a strong relationship between the price movements of the two cryptocurrencies.
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Gianluca
Sat Jan 25 2025
When Bitcoin and Ethereum are held together in the same investment portfolio, the overlapping area signifies the extent of risk that can potentially be mitigated.
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SkyWalkerEcho
Sat Jan 25 2025
Essentially, this overlapping region represents the risk that is diversifiable by combining these two assets, assuming all other factors remain constant.
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