Alexander XieJan 13, 2022 · 3 years ago8 answersWhich cyclical vs defensive sectors are most closely correlated with the price movements of cryptocurrencies?
In the world of cryptocurrencies, there is a constant debate about which sectors are most closely correlated with their price movements. Specifically, which cyclical sectors, which are more sensitive to economic cycles, and which defensive sectors, which are less sensitive to economic cycles, have the strongest correlation with the price movements of cryptocurrencies? Are there any sectors that tend to move in tandem with the price of cryptocurrencies, and if so, why?
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