The correlation between Bitcoin and Ether prices has dropped below 80% for the first time since November 2021, indicating that the two digital assets are no longer moving in tandem to the same extent as before. The 30-day correlation between Bitcoin and Ether has dropped to around 78%, implying that asset prices typically respond differently to broader macroeconomic conditions and other crucial events. As the link between Ethereum and Bitcoin continues to weaken, ETH and other tokens in the ERC-20 ecosystem may experience lesser volatility in response to large-scale events that can potentially shift markets. This development may lead to further price divergence between the two flagship assets given the current state of the market. The article compares and contrasts the unique features of Bitcoin and Ethereum, including their mining processes and transaction times, and also discusses their market values and potential future developments.
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