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Bitcoin now explains only 30%-46% of crypto sector returns as market diversifies amid high volatility.

Market News
13 Nov 2026, 15:19 WIB
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Neutral
Bitcoin now explains only 30%-46% of crypto sector returns as market diversifies amid high volatility.

New research from Grayscale shows Bitcoin accounts for just 30%-46% of return variation across major cryptocurrency sectors, indicating growing market diversification. Despite this, all crypto sectors remain more volatile than Bitcoin, with AI tokens reaching 85% annual volatility. Declining correlations suggest sector-specific factors increasingly drive prices, but risks remain high. The findings highlight that cryptocurrencies are becoming less dependent on Bitcoin but are still influenced by broader financial conditions, complicating the risk profile for investors.

Grayscale's research on Bitcoin's influence in crypto sector returns provides context for the broader market environment. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Nov 13, 2026 19:21 WIB: among 50 major cryptocurrencies, 19 rose and 30 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% at Rp16,297 with a typical hold time of 85 days, and ONE (Harmony) down 10.61% at Rp27 with a typical hold time of 153 days and Pluang order activity showing 40% Sell / 60% Buy.

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