Data shows a record-high correlation between cryptocurrencies ... A correlation coefficient of 1 indicates a perfect positive correlation, while -1 signals a perfect negative correlation.
The closer the points are to the line of best fit the stronger the correlation is. This scattergraph shows a positive correlation. The line of best fit is drawn so that the points are evenly ...
Analysts at JPMorgan have spotted a correlation between Bitcoin, and altcoins with the Russell 2000 Index amid market volatility.
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