From 2018 to 2019, the average correlation coefficient across the top 200 cryptocurrencies by market cap decreased from 0.89 to 0.58. We applied a one-tailed Welch's T-test and found the decrease to be statistically significant.
Bitcoin’s price shot from ~$4,100 to ~$5,000 (+22%) in the span of 48 hours. Trading volumes spiked across top exchanges. Bitmex reported ~$9 billion in trading volume across BTC/USD in the last 48H.
Cryptos must be able to resist an attack from the total rentable global hashing power for their specific algorithm. Otherwise, they are vulnerable to attack.
If you look at today’s headlines about Elon Musk, you won’t find stories about his heroics. Instead you find the picture of a frantic man lashing out at critics on Twitter.
After running 100,000 Monte Carlo simulations, the median total market cap by Dec. 31, 2018 was a predicted $69 billion. This is 71% down from today.
After analyzing 2 years of historical data from Coinmarketcap, we found that 75% of the top 200 coins by market cap have a correlation of 0.67 or higher.
Both the days with the biggest market losses, along with the days with the biggest market gains saw a higher # of HODL comments on average.