Currencies that rise with Bitcoin, and currencies that have a direct (inverse) relationship with it ⬇️
The relationship between Bitcoin and other digital currencies depends on many factors such as liquidity, Bitcoin's dominance in the market, and investor behavior. Although there are general patterns that can be observed, there is no fixed rule that applies to all digital currencies. I will divide cryptocurrencies into categories based on their potential relationship with Bitcoin:
• Coins that are rising with Bitcoin (positive correlation):
These coins often follow Bitcoin’s movement due to their correlation with the general market:
1. Ethereum (ETH)
2. Litecoin (LTC)
3. Bitcoin Cash (BCH)
4. Ripple (XRP)
5. Cardano (ADA)
6. Polkadot (DOT)
7. Chainlink (LINK)
8. Solana (SOL)
9. Cosmos (ATOM)
10. EOS (EOS)
11. Ethereum Classic (ETC)
12. Dash (Dash)
13. Zcash (ZEC)
14. Monero (XMR)
• Coins that have a relationship Inverse to Bitcoin:
These coins often rise when the price of Bitcoin falls, or are used as a safe haven in times of volatility:
1. Tether (USDT)
2. USD Coin (USDC)
3. Binance USD (BUSD)
4. Dai (DAI)
5. True USD (TrueUSD)
6. Haven (XHV): A stablecoin used to maintain value.
7. Pax Gold (PAXG): A gold-backed coin.
