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BTC and Altcoins Price Correlation
Evaluation of correlation between market BTC price (in USD) and market altcoins price (in USD).
Created on 30th June 2024
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B
BTC and Altcoins Price Correlation
Evaluation of correlation between market BTC price (in USD) and market altcoins price (in USD).
The problem BTC and Altcoins Price Correlation solves
This evaluation is useful for professional crypto traders who make long/short positions of different tokens (such as UNI, BNB, NRN, GFI and etc.) depending on increase/decrease of BTC price in USD.
Challenges I ran into
BTC price doesn't influence all other tokens prices, there are many exceptions, so these examples were not included in my study.
Tracks Applied (1)
Trading Track
TRADING with Aerodrome and Synthetix
Technologies used
Discussion
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