Too Long; Didn't Read
Cryptoassets are highly correlated. On a macro level, one can expect the overall cryptoasset market to generally move in tandem with Bitcoin. Correlations of daily returns between cryptoassets and Bitcoin have been increasing since January 2017. From this period forward, the overall market has been tightly bound together despite the altcoin, ICO, and fork mania that has taken place over the past year and a half.