Binance Research: 2019 Q2 Crypto-Correlations Review
✔️Cryptocurrencies have experienced the best 3-month growth since 2017.
✔️BTC correlation with other cryptoassets fell significantly in Q2.
✔️Cryptoassets with more important idiosyncratic factors such as BNB, LINK or BSV exhibited relatively low average correlations with other cryptoassets.
✔️“Binance effect”: coins not listed on Binance exhibited lower average correlations than coins listed on Binance.
✔️PoW cryptocurrency average correlations fell the most in Q2, compared to Q1.
✔️Privacy coins exhibit higher than average correlations with each other.
✔️Similar functions seem to lead to higher than average, correlations between two cryptoassets.
✔️Cryptoassets that conducted a public sale on Binance Launchpad are, on average, less correlated with others.
https://info.binance.com/en/research/marketresearch/correlations-q2-2019.html