The correlation between bitcoin and ether prices has dropped below 80% for the first time since November 2021, indicating a significant change in the relationship between the two largest cryptocurrencies. According to data provider Kaiko, the rolling 30-day correlation between bitcoin and ether fell to about 78% this week. This means that BTC and ETH prices are not moving together as closely as they used to. The falling correlation reinforces the case for diversification by including both assets in an investment portfolio.
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