Altcoins SUI, ADA, XLM, TRX Show 90% Correlation With Bitcoin

In the current bull cycle, several top altcoins, including SUI, ADA, XLM, and TRX, have shown a significant increase in their statistical correlation with Bitcoin. According to data from CryptoQuant in May 2025, the correlation values for SUI, ADA, and XLM have surpassed 0.90, indicating a strong alignment with Bitcoin's price movements. This trend underscores Bitcoin's continued dominance as the primary driver of the broader crypto market, with investors and asset pricing becoming increasingly synchronized.

The data from CryptoQuant, presented in a heat map, illustrates the year-by-year correlation scores between Bitcoin and various altcoins from 2021 to 2025. The latest numbers clearly show a growing correlation during the current bull market. As of May 2025, SUI's correlation value reached 0.93, while ADA and XLM both hit 0.91. Other altcoins like XRP, TRX, HBAR, and LTC also posted correlation values above 0.88. The heat map, which uses a green-to-white gradient to represent the strength of the correlation, shows a notable bunching of dark green in the 2025 section, indicating a stronger alignment across these crypto assets—a pattern often observed during extended bullish periods.

Among the closely linked altcoins, Tron (TRX) has shown a consistently high correlation with Bitcoin. This is backed by increased use in certain regions and more activity on its network. In recent months, the amount of Tether (USDT) issued on the Tron network has surpassed the total on Ethereum, marking a significant shift in stablecoin distribution. This trend highlights increased transactional activity on the Tron blockchain, particularly in Asia, where its usage has reportedly climbed. This shift in network-level metrics suggests that TRX’s correlation with Bitcoin is not just about market sentiment but also reflects its growing real-world utility. However, TRX’s market behavior remains closely tied to Bitcoin’s overall price path, as its correlation coefficient of over 0.88 confirms.

While many major altcoins are moving tightly with Bitcoin, a few outliers remain. Assets like TON, STX, and KAS display much lower, or in TON’s case, even negative correlation coefficients with Bitcoin. TON has a correlation coefficient of -0.49, STX 0.37, and KAS 0.32. This data also points to a historical pattern: these correlations usually weaken when the market is bearish and get stronger during bull runs. The current high correlation levels fit this pattern, supporting the idea that the broader market sentiment is currently taking its main cues from Bitcoin’s performance in the crypto market.