In the current market, the price correlation among different cryptocurrencies shows diverse features. Dominated by Bitcoin, many altcoins often move in tandem with it during significant market swings. For example, during the 2024 market crash, when Bitcoin plummeted, Ethereum, Binance Coin, etc., also declined substantially.
However, some unique cryptocurrencies may deviate. Stablecoins like USDT maintain price stability regardless of market volatility. Additionally, emerging coins such as Solana might experience independent price hikes due to their novel technological breakthroughs. The changing correlation reflects the evolving market structure, with increasing influence from technology - driven innovation and varying market sentiments. 1 reply
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