📈 Recent data shows a high correlation coefficient (0.84) between Bitcoin and Ripple prices, suggesting a closer relationship than previously seen, especially compared to the negative correlation between Bitcoin price and stock prices promissory note.
🔀 High daily trading volumes for the XRP-BTC pair on major exchanges such as Bitstamp and Binance indicate significant overlapping interest among investors in both cryptocurrencies.
🤔 Although in the past, experts believed that XRP fans were not interested in Bitcoin, current data shows the opposite.
💡 The correlation between Bitcoin and Ripple prices is 0.84, according to data from Macroaxis, a fintech analytics company.
📊 Compared to the correlation between Bitcoin and stocks, the index fell into negative territory after the S&P 500 index fell while Bitcoin and XRP prices increased in October.
📈 The XRP-BTC trading pair has a daily trading volume of over 590,000 XRP on Bitstamp and 41.2 million XRP on Binance.
🔗 Thanks to the high price correlation between Bitcoin-Ripple, this is strong evidence of general interest in XRP and BTC among a large number of crypto traders today.