Analysis: BTC's correlation with nine other major cryptocurrencies rises, decoupling from gold

According to Cointelegraph, since Black Thursday, two new trends have emerged in the cryptocurrency field: the correlation between Bitcoin and nine other mainstream coins has reached an unprecedented high level, while the correlation between Bitcoin and gold Becomes a negative number. The increased correlation between Bitcoin and other top currencies may be due to the general anxiety and uncertainty caused by the coronavirus and the ensuing economic crisis.