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Cryptocurrency Market Consolidation in 2020โ€“2021

Cryptocurrency Market Consolidation in 2020โ€“2021

Time series of price returns for 80 of the most liquid cryptocurrencies listed on Binance are investigated for the presence of detrended cross-correlations. A spectral analysis of the detrended correlation matrix and a topological analysis of the minimal spanning trees calculated based on this matrix are applied for different positions โ€ฆ