Understanding crypto currencys behavior is a novel approach to risk assessment as it gains popularity. Utilizing data intended to account for uncommon occurrences, an investigation of price movements for the top five crypto currencies has revealed new information about their market behavior. Investors will be able to evaluate degrees of diversity and the possibility of simultaneous price drops and gains with the aid of this research. Investing requires a thorough understanding of risk. Investing in a diverse range of non-correlated assets allows investors to reduce their exposure to risk and protect themselves from future losses. This should ideally imply total independence of market pricing for diverse assets. This independence is very evident across different asset classes, like as gold vs. healthcare,