Crypto correlation matrix

Correlation from Binance daily returns. Over 90 days altcoins averaged 0.70 with Bitcoin (strong positive); Ethereum 0.89. Bitcoin vs gold (PAXG): 0.53 (moderate positive). Near 1 = together, near −1 = opposite, near 0 = unrelated.

Correlation with Bitcoin and gold

Coin	BTC 30d	BTC 90d	BTC 365d	Gold 90d	With BTC (90d)
Bitcoin correlation	—	—	—	0.53	—
Ethereum correlation	0.94	0.89	0.91	0.52	strong positive
Solana correlation	0.85	0.83	0.87	0.43	strong positive
XRP correlation	0.93	0.88	0.87	0.37	strong positive
BNB correlation	0.72	0.71	0.82	0.32	strong positive
Dogecoin correlation	0.88	0.83	0.80	0.38	strong positive
Cardano correlation	0.78	0.78	0.80	0.35	strong positive
Chainlink correlation	0.79	0.68	0.82	0.26	moderate positive
Avalanche correlation	0.63	0.53	0.72	0.32	moderate positive
Litecoin correlation	0.76	0.62	0.71	0.29	moderate positive
TRON correlation	−0.11	0.32	0.41	0.15	weak positive
Sui correlation	0.81	0.69	0.77	0.35	moderate positive

90-day correlation matrix

	BTC	ETH	SOL	XRP	BNB	DOGE	ADA	LINK	AVAX	LTC	TRX	SUI	Gold (PAXG)
BTC	—	0.89	0.83	0.88	0.71	0.83	0.78	0.68	0.53	0.62	0.32	0.69	0.53
ETH	0.89	—	0.83	0.79	0.68	0.75	0.72	0.74	0.54	0.62	0.30	0.65	0.52
SOL	0.83	0.83	—	0.78	0.72	0.79	0.74	0.73	0.52	0.63	0.33	0.74	0.43
XRP	0.88	0.79	0.78	—	0.72	0.88	0.81	0.67	0.55	0.63	0.39	0.73	0.37
BNB	0.71	0.68	0.72	0.72	—	0.82	0.71	0.62	0.50	0.66	0.37	0.70	0.32
DOGE	0.83	0.75	0.79	0.88	0.82	—	0.86	0.72	0.54	0.73	0.38	0.85	0.38
ADA	0.78	0.72	0.74	0.81	0.71	0.86	—	0.67	0.59	0.71	0.34	0.79	0.35
LINK	0.68	0.74	0.73	0.67	0.62	0.72	0.67	—	0.49	0.66	0.29	0.65	0.26
AVAX	0.53	0.54	0.52	0.55	0.50	0.54	0.59	0.49	—	0.40	0.21	0.62	0.32
LTC	0.62	0.62	0.63	0.63	0.66	0.73	0.71	0.66	0.40	—	0.19	0.68	0.29
TRX	0.32	0.30	0.33	0.39	0.37	0.38	0.34	0.29	0.21	0.19	—	0.27	0.15
SUI	0.69	0.65	0.74	0.73	0.70	0.85	0.79	0.65	0.62	0.68	0.27	—	0.35
Gold (PAXG)	0.53	0.52	0.43	0.37	0.32	0.38	0.35	0.26	0.32	0.29	0.15	0.35	—

Last 90 days of daily log returns (Binance spot, USDT), matched by day. Gold tint = positive, blue = negative; darker = stronger. Gold = PAXG (token backed by physical gold).

Frequently asked questions

What is the Bitcoin–gold correlation?

Over 90 days, 0.53 (moderate positive) between Bitcoin and gold (PAXG, a token backed by physical gold) daily returns.

What is correlation?

How much two assets' daily returns move together, from −1 to +1 (Pearson). +1 = same direction, −1 = opposite, 0 = no linear relationship.

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