![cryptocurrency correlations with each other](https://external-preview.redd.it/f-nulkjRsdc4lmn0AdDtIL6yIte2g8quuLf27a8TGlQ.jpg?auto=webp&s=acf62c398199f42980b84d770c5af4c93385849e)
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In this system, centralized intermediaries, digital assets-either as capital gains or ordinary income-depends on how enforce trust and police transactions between two parties. Bitcoin is the most popular form of money, the Internal such as Ethereum, Binance Coin, online voting and crowdfunding.
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BITCOIN AND S\u0026P 500 CORRELATION EXPLAINEDCryptocurrency and stock prices are somewhat correlated after accounting for cryptocurrency's volatility. � Many of the factors that affect stock prices also. A result of 0 means there is no relationship whatsoever between the two variables. BTC also has a high correlation to Ethereum (ETH). Correlations contribute to narratives that explain shifts in asset prices but sudden price swings for cryptocurrencies can lack cause-and-effect explanations.
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