DeFiLlama: Crypto Correlations Hit Record Highs as BTC-SOL Reaches 0.99
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DefiLlama reports high price synchronization among major cryptocurrencies, with correlation coefficients above 0.9. Bitcoin and Solana show a nearly perfect sync at 0.99, indicating a unified market sentiment.
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Analytics platform DefiLlama has reported an elevated degree of price synchronization among leading cryptocurrencies.
Over the past week, several major trading pairs showed correlation coefficients above 0.9, with Bitcoin (BTC) and Solana (SOL) moving almost perfectly in sync at 0.99, suggesting a market in unison, with broad sentiment overriding individual asset stories.
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Coins
$ 64.22K
+0.03%
$ 1.80K
+0.48%
$ 0.168
+0.18%
$ 0.0749
+1.21%
$ 78.22
-0.09%Funds
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In This News
Coins
$ 64.22K
+0.03%$ 1.80K
+0.48%$ 0.168
+0.18%$ 0.0749
+1.21%$ 78.22
-0.09%Funds
Predictions Markets
See what traders are focused on
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