Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Lite… | News

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The market data is provided by the HitBTC exchange

Cryptocurrencies are a part of evolving technology and are still in a nascent stage.So, they are likely to remain quite volatile compared to the other matured asset classes.

The early investors in cryptocurrencies were mostly technology enthusiasts who saw a future in them. After the humongous returns of 2017, more and more institutional investors want to join the party.

This is changing the way the cryptocurrencies perform. In the past 90-days, the correlation between the S&P 500 and cryptocurrencies has risen sharply to 33 percent, which is way above the previous high reading of 19 percent, according to Nick Colas, co-founder of DataTrek Research. The long-term average is way lower at 1 percent.

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