What cryptocurrency are negatively correlated to bitcoin?

[Passionate-writer]

Multiple digital coins are known to move inversely to Bitcoin. When it comes to Bitcoin's fall, these tokens may go up. Some coins like Digibyte are negatively correlated to bitcoin in many ways. This action can be leveraged by merchants who plan to have a diversified cryptocurrency portfolio.

Since the objectives of these coins may differ from those of Bitcoin (privacy, faster transactions, or real-world use), they are not necessarily tied to the price of Bitcoin. Hence, the price of these coins does not always follow Bitcoin.

If traders are able to observe the behavior of these coins, they can make wise decisions and reduce the risks associated with their trades. By having invested in a few types of assets, they will suffer less when Bitcoin price decreases.

 

[riberet19]

A lot of low caps cryptos are negatively correlated with Bitcoin, I have seen a lot of crypto under top 1000 acting good when Bitcoin acts bad or viceversa.