The correlation of Bitcoin and Ethereum price trends has fallen below 80% for the first time in 18 months

ChainCatcher news, according to data from cryptocurrency market data provider Kaiko, the 30-day rolling correlation between Bitcoin and Ethereum has dropped to about 78% this week, marking the first time it has fallen below 80% since November 2021. Kaiko explains that correlation measures how closely the price movements of two assets are related. When correlation is low, it means their prices tend to move in different directions more often. (source link)