Crypto markets obviously move very closely one to another. What may be of interest is the delay between the moves.
My intuition is that bigger markets drives smaller one in time of peace, that is in relativy low volatility. In that context I have observed (but not measured) that the XBT/USD market was driving the ADA/XBT market with a delay of a few hours on BitMEX. That is when XBT/USD goes up, a few hours latter, ADA/XBT would also move up. And when XBT/USD would move down a few hours later ADA/XBT would move also down.
This correlation is weaker when markets move quickly as it is the case now for ADA/XBT, but do you share the same intuition ?