Quick take: Ethereum’s correlation with Bitcoin has started to increase once again. In late June and July, ETH looked set to break away from Bitcoin’s influence due to the DeFi boom and investors anticipating ETH2.0. With a return of the correlation between Ethereum and Bitcoin, a drop by BTC could see ETH retest $365. Ethereum’s 30-day correlation with Bitcoin has seen a steady increment in the final days of the month of August. This observation was highlighted by the team […]
