A research report released by Grayscale on November 12th pointed out that over the past three years, Bitcoin price changes have only explained about 50% of the return differences across various sectors of the crypto market, with the remaining changes largely influenced by sector and specific asset-specific factors. Meanwhile, the correlation between different crypto sectors has declined from its previous highs, and market performance is gradually diverging. Data shows that Bitcoin's actual volatility over the past year was approximately 43%, while the annualized volatility of the cryptocurrency payment sector was 49%, and the AI sector reached as high as 85%. Grayscale believes that as the crypto market matures, investors can expect to obtain more diversified sources of returns through different sectors and asset allocations, but a decrease in correlation does not necessarily mean a reduction in investment risk. (Cryptobriefing) https://wublock123.com/news/grayscale-crypto-market-diversifying-btc-dominance-correlation-decline-71867