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| January 22, 2019

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Lin-Manuel Miranda Admonishes Filming Fan During Hamilton Show

January 18, 2019 |

Lin-Manuel Miranda made an impromptu edit to one of the numbers in his acclaimed Hamilton Wednesday night after he spotted a woman filming a performance in Puerto Rico. While performing One Shot , Miranda noticed the audience member pointing a camera at the stage, the BBC reports. So, thinking (or rapping,…

Flu taking toll in California, other states, but having milder impact nationwide, data show

January 12, 2019 |

While states such as California and North Carolina have seen significant numbers of flu-related deaths this season, U.S. health officials said Friday that the nationwide impact of influenza seems to be milder than last winter.
FOX News

France’s ‘Yellow Vests’ Show Staying Power

January 8, 2019 |

After another weekend of protests, France’s “yellow vests” are establishing themselves as an unavoidable force and a durable threat to Emmanuel Macron. What’s News Europe


Kentucky Governor Rips Lil Wayne Over Halftime Show, ‘Tired, Has-Been’

January 8, 2019 |

The Governor of Kentucky HATES Lil Wayne — and seemed disgusted someone would book the rapper to perform with Imagine Dragons at the college football National Championship game.  Weezy joined the rock band during the halftime show of the…

Report: Most Major Crypto Assets Show Close Price Correlation

January 6, 2019 |

Research: 10 of Top 15 Crypto Assets Show Price Correlation of Over 64%

The 2018 bear trend brought an increase in correlation across the leading cryptocurrency markets, with recent research indicating that 10 of the top 15 crypto assets by market cap show a price correlation of more than 64%. Additionally, five cryptocurrency pairs show a correlation larger than 80% for 2018 – ADA and XLM, BTC and LTC, XMR and BTC, ETH and LTC, and XMR and LTC.

Also Read: Texas Updates Regulatory Guidance Regarding Cryptocurrency Activities

Research Finds Significant Correlation Between Leading Crypto Assets

Research: Most Major Crypto Assets Show Close Price CorrelationNew analysis has found the prices of bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), ripple (XRP), eos (EOS), stellar (XLM), litecoin (LTC), cardano (ADA), iota (MIOTA), and monero (XMR) to be positively correlated, with all of said crypto assets found to have an average price correlation of between 64.7% and 74.1% when compared with one another.

Five pairings were found to have a correlation higher than 80% – ADA and XLM with 83.6%, BTC and LTC with 83.5%, XMR and BTC with 82.9%, ETH and LTC with 82.7%, and XMR and LTC with 80.6%.

Tron (TRX) comprised the sole cryptocurrency examined to produce an average correlation of less than 50%, with an average correlation of 49.6% when compared with other leading markets.

The research also noted that Proof of Work cryptocurrencies are generally less correlated with crypto assets utilizing alternative consensus mechanisms.

Price Correlation Doubles Year-Over-Year

Research: Most Major Crypto Assets Show Close Price CorrelationCompared with the previous year, 2018 saw the correlation between many leading cryptocurrencies more than double.

BTC’s average price correlation increased by 150% from 29.3% in 2017 to 73% in 2018, while ETH’s correlation increased 154% from 29.2% to 74.1%. XRP saw the greatest spike in price correlation, which increased by 220% year-over-year, while XMR saw the lowest percentage increase in correlation among examined cryptocurrencies – rising 105% from 34.6% to 71%. XLM correlation increased 114% from 30.4% to 64.9%, and LTC correlation increased 132% from 30.9% to 71.8%.

2018 also saw in increase in the volume correlation between leading cryptocurrencies year-over-year, with BTC up from 34.1% in 2017 to 53.2% in 2018, ETH up from 31% to 48.9%, XRP up from 31.1% to 45.2%, and XMR up from 20.3% to 22.8%. XLM volume correlation increased more doubled from 12.5% in 2017 to 28.4% in 2018, as did LTC volume correlation, which increased from 15.8% to 37.3%.

Do you expect 2019 to bring a further increase in correlation between the top cryptocurrency markets? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Report: Most Major Crypto Assets Show Close Price Correlation appeared first on Bitcoin News.

Bitcoin News

Clashes Break Out as France’s ‘Yellow-Vest’ Protests Show Signs of Revival

January 6, 2019 |

Thousands of “gilets jaunes” took to France’s streets, some clashing with riot police, in a renewed show of force against the government after demonstrations flagged during the holiday season. What’s News Europe

‘Family First’: Britney Puts Show on Hold for Dad

January 5, 2019 |

Britney Spears won’t be starting her new Vegas gig—expected to be another huge money-maker—in February after all. The singer announced that her “Domination” show is on hiatus so she can be with her father as he recovers from a serious health scare, reports People . Jamie Spears, 66, suffered…


Ronnie Ortiz-Magro Caught Smashing Jen Harley’s Security Cam, Photos Show NYE Damage

January 4, 2019 |

Jen Harley’s convinced Ronnie Ortiz-Magro ransacked her home this week because there’s video proof he destroyed her security camera a month ago during another violent incident no one knew about. TMZ obtained this Dec. 4 Ring security footage…

Netflix Takes Down Comedy Show After Saudis Complain

January 2, 2019 |

Netflix is being accused of bowing to the demands of “thin-skinned Saudi royals” after making an episode of an American comedian’s show unavailable in the kingdom. In the episode of Hasan Minhaj’s Patriot Act , the Muslim comedian strongly criticizes crown prince Mohammed bin Salman over the murder of journalist Jamal…

NBC’s New Year’s Eve show with Carson Daly, Chrissy Teigen, Leslie Jones has viewers crying ‘complete disaster’ and ‘trainwreck’

January 1, 2019 |

NBC’s New Year’s Eve show left many viewers appalled by a co-host and baffled by its last-second omission of the countdown clock. 
FOX News