XRP’s tweet volume has a stronger correlation to its trading volume than Bitcoin [BTC] or Ethereum [ETH]

XRP community is one of the most active and passionate crypto-community in the space and according to data from “The Tie”, XRP’s Tweet volume is directly correlated to the Trade volume of XRP. In addition, XRP has the strongest correlation when compared to the dominant cryptocurrency, Bitcoin or Ethereum. The Tie tweeted: “Interesting look at…

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Strong Correlation Between Bitcoin (BTC) And The Dollar Index Suggests Market Correction Is Over

Bitcoin (BTC) has sung to the tune of the US Dollar for as long as we can remember. This is how it goes with the US Dollar and emerging markets. The above chart for dollar index shows how Bitcoin (BTC) has performed at critical stages of the Dow Jones Dollar Index for the past several…

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Crypto Correlation Increases In Bear Markets

Unlike conventional stocks, shares, and other financial products, an all-coin portfolio cannot completely diversify risk because prices are closely correlated. Cryptocurrencies are essentially influenced by the same factors. This crypto correlation has increased greatly. Data collected by Sifr shows the 14 coins in its index (including ETH, XRP, and LTC) have all moved more in…

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