Bitcoin (BTC) $79,134.83 -2.66%
Ethereum (ETH) $2,220.47 -3.33%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 88.994261 -4.38%
Cardano (ADA) $0.26 -4.53%
Chainlink (LINK) $10.02 -5.87%
Litecoin (LTC) $56.91 -2.02%
Dash (DASH) $43.21 -5.95%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.861191 -5.03%
X-Cash (XCASH) 7.0E-6 -2.26%
Dogecoin (DOGE) $0.00 1.53%

Cryptocurrencies: 28951

Markets: 114199

Market Cap: $2,631,957,136,555

24h Vol: $114,477,413,291

Coin-turk.com

2023-12-06 01:09:02

Bitcoin and Ethereum Correlation Reaches Lowest Levels in Years, Signaling Divergence in Growth Paths

Bitcoin and Ethereum Correlation Reaches Lowest Levels in Years, Signaling Divergence in Growth Paths

The correlation between Bitcoin (BTC) and Ethereum (ETH) has reached the lowest levels in several years, indicating a significant deviation from the all-time high levels seen at the end of 2022. This divergence may be attributed to the increase in spot ETH exchange-traded fund (ETF) launches since November, while the broader upward trend in the market is said to be driven by excitement over potential approvals of a spot Bitcoin ETF. The post Bitcoin and Ethereum Correlation Reaches Lowest Levels in Years, Signaling Divergence in Growth Paths appeared first on COINTURK NEWS.

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