According to research done by a group of experts at the Institute of Nuclear Physics of the Polish Academy of Sciences (IFJ PAN), bitcoin behaves similarly to other currencies. The analysts examined Bitcoin price changes with one-minute sequences between 2012 and 2018. According to the evidence provided, in a mature market, the distribution of these gains within short enough timescales should follow an inverse cubic law. If the first two years of data are ignored, Bitcoin was behaving in a similar way as a mature marker already in 2014. As per the analysis, in mature global markets, there is no correlation between the signs of return, and Bitcoin matches exactly to this dynamic.
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https://bitcoinexchangeguide.com/bitcoin-behaves-similarly-to-other-currencies-according-to-new-ifj-pan-research-suggests/ 
