Crypto Correlation Matrix 2026: BTC, ETH, SOL, XRP, BNB, ADA
Cross-crypto correlation analysis. Which assets move together? Where are the diversification opportunities? Research-only.
Last updated: Apr 8, 2026 · 6 assets · 15 pairs · BTC dominance: 58.5%
QUICK ANSWER · AS OF Apr 8, 2026
What is the crypto correlation matrix in 2026?
The crypto correlation matrix tracks 15 pairwise correlations across 6 major assets. BTC dominance at 58.5%. Fear & Greed: 12 (Extreme Fear). Key finding: ETH-SOL highest pair (0.85), XRP most independent.
BTC
$71,950 (-16%)
ETH
$2,200 (-35%)
SOL
$84 (-42%)
XRP
$1.34 (-38%)
BNB
$592 (-14%)
ADA
$0.2500 (-55%)
Crypto markets are in a deep risk-off regime with BTC dominance at 58.5% — the highest since 2019. The Fear & Greed Index has been pinned in Extreme Fear (8-14) for over a month, the longest sustained single-digit/low-teens reading since mid-2022. Capital is rotating from altcoins to BTC, compressing altcoin/BTC ratios across the board. ETH, SOL, and ADA are all underperforming BTC significantly, while BNB shows relative resilience due to Binance exchange revenue.
Asset Overview
BTC
$71,950
YTD: -16%
$1.4T
ETH
$2,200
YTD: -35%
$265B
SOL
$84
YTD: -42%
$48B
XRP
$1.34
YTD: -38%
$77B
BNB
$592
YTD: -14%
$81B
ADA
$0.2500
YTD: -55%
$9B
30-Day Correlation Matrix
| BTC | ETH | SOL | XRP | BNB | ADA | |
|---|---|---|---|---|---|---|
| BTC | 1.00 | 0.82 | 0.75 | 0.58 | 0.78 | 0.68 |
| ETH | 0.82 | 1.00 | 0.85 | 0.55 | 0.80 | 0.72 |
| SOL | 0.75 | 0.85 | 1.00 | 0.52 | 0.78 | 0.70 |
| XRP | 0.58 | 0.55 | 0.52 | 1.00 | 0.55 | 0.60 |
| BNB | 0.78 | 0.80 | 0.78 | 0.55 | 1.00 | 0.65 |
| ADA | 0.68 | 0.72 | 0.70 | 0.60 | 0.65 | 1.00 |
Click any cell for detailed pairwise analysis. All crypto assets trade 24/7 — correlations use UTC daily closes.
All Pairwise Correlations
ETH-SOL correlation is very high. Both are smart contract platforms competing for DeFi/NFT activity....
BTC-ETH correlation has weakened from the 0.90 baseline. BTC institutional adoption (ETFs) is decoup...
ETH-BNB correlation is high. Both are smart contract platforms with DeFi ecosystems. BNB Chain (BSC)...
BTC-BNB correlation is high. BNB is closely tied to Binance exchange activity and crypto market sent...
SOL-BNB correlation is high. Both are high-throughput L1 chains competing for DeFi activity. Shared ...
BTC-SOL correlation is high but below baseline. SOL has higher beta — it falls faster in selloffs an...
ETH-ADA correlation is high. Both are smart contract platforms, but ADA has underperformed ETH signi...
SOL-ADA correlation is high but SOL has massively outperformed ADA. Both are "ETH killers" but Solan...
BTC-ADA correlation has weakened. ADA has underperformed significantly (-55% YTD vs BTC -15%), refle...
BNB-ADA correlation is moderate-to-high. Both are altcoins but with very different fundamentals: BNB...
XRP-ADA correlation is moderate. Both have loyal retail communities and are often grouped as "legacy...
BTC-XRP correlation is moderate. XRP has unique drivers: SEC lawsuit resolution, cross-border paymen...
ETH-XRP correlation is moderate. Different use cases (smart contracts vs payments) and different inv...
XRP-BNB correlation is moderate. Different use cases and investor bases. XRP is driven by Ripple cor...
SOL-XRP correlation is moderate. Different ecosystems (DeFi/NFT vs payments) and different investor ...
Crypto Market Context
Crypto markets are in a deep risk-off regime with BTC dominance at 58.5% — the highest since 2019. The Fear & Greed Index has been pinned in Extreme Fear (8-14) for over a month, the longest sustained single-digit/low-teens reading since mid-2022. Capital is rotating from altcoins to BTC, compressing altcoin/BTC ratios across the board. ETH, SOL, and ADA are all underperforming BTC significantly, while BNB shows relative resilience due to Binance exchange revenue.
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FAQ
What is a crypto correlation matrix? ▾
A crypto correlation matrix shows pairwise correlations between major crypto assets. It reveals which assets move together (high correlation) and which offer diversification within crypto portfolios. In risk-off regimes, correlations tend to spike as all crypto assets sell off together.
Which crypto pairs have the highest correlation? ▾
The highest correlations are ETH-SOL (0.85) and BTC-ETH (0.82). Smart contract platforms (ETH, SOL, ADA) tend to be highly correlated as they compete for the same DeFi/NFT activity.
Which crypto pairs have the lowest correlation? ▾
The lowest correlations are SOL-XRP (0.52) and ETH-XRP (0.55). XRP has unique drivers (Ripple corporate actions, cross-border payments) that decouple it from the broader altcoin market.
📎 Cite This Data ▾
APA 7th Edition
AhaSignals. (2026). Crypto Correlation Matrix. Retrieved April 18, 2026, from https://ahasignals.com/crypto-correlation-matrix/
Methodology: v0.1-beta
Data as-of: Apr 8, 2026
Research purposes only. Not investment advice. All index inputs from free, public, clickable sources.
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Last consensus audit performed on April 18, 2026. Correlation signals update with each tracker build cycle.
Research only — not investment advice. Crypto markets are volatile and trade 24/7. Past correlation patterns do not predict future performance. © 2026 AhaSignals.