Ether, in the past, has decoupled from bitcoin for brief periods. The latest weakening of correlation may be long-lasting, meaning bitcoin, the world’s largest and most liquid digital asset, may no longer anchor ether and the broader market, according to Pulkit Goyal, Vice President of trading at OrBit Markets, an institutional liquidity provider of options and structured derivatives in digital assets.
Source: https://www.coindesk.com/markets/2023/05/16/bitcoin-ether-correlation-weakens-to-lowest-since-2021-hints-at-regime-change-in-crypto-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines