Cryptocurrencies Correlation in time

Main cryptocurrencies tend to follow each other greatly, however, this is not constant.
Cryptocurrencies exhibit a high level of interdependence, although this relationship is not consistent. Periodically, cryptocurrencies appear to deviate from their typical trends, providing the opportunity to hedge against one another.

To validate this dependency, we utilized the correlation coefficient across over 30 currencies with the highest capitalization. We employed a time window of 30 days, with hourly prices serving as the base, covering the period from October 2022 until May 2023.
Original post: https://lotangroup.com/research/Corr_20230505