Hafiz Rizwan Hafiz RizwanDec 25, 2021 · 3 years ago2 answers What does it mean for the cryptocurrency market when the correlation coefficient between different coins is positive?
When the correlation coefficient between different coins in the cryptocurrency market is positive, what does it imply for the market as a whole? How does this positive correlation affect the behavior of investors and the overall volatility of the market? What are the potential implications for diversification strategies and risk management in cryptocurrency investments?