Bitcoin – Ethereum Correlation Witnesses 6-Month Slump
Bitcoin is the undisputed leader and all the other crypto-assets closely follow its valuation. Ethereum [ETH] might be an independent asset with completely different reason d’être from that of Bitcoin, but at times, it also happens to mimic the latter’s price action. In the digital asset market, the king coin being the front runner and influencing other crypto-assets is considered a natural event.
In fact, for the past two years, the correlation has been extremely high hovering near 90%, according to Skew.
The market sentiment
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