Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market
Briefly

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.Bitcoin (BTC) and ether (ETH), the world's top two cryptocurrencies by market value, moved in tandem for much of 2022.That positive relationship has weakened this year, signaling an impending regime change in the market.As of Monday, the 30-day rolling correlation between changes in bitcoin and ether prices was 77%, the lowest since 2021 and notably weaker than 96% seen two months ago, according to crypto data provider Kaiko.
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