Crypto Correlations Hit Record Highs as BTC-SOL Reaches 0.99
Ethereum emerged as the most connected asset, showing strong alignment with Cardano, Solana, and Dogecoin.
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.
Correlation Spike Highlights Bitcoin’s Grip on the Market
DefiLlama described the correlations between the largest tokens as being “unusually high” over the past week, a period marked by weak…
