Quick take: Ethereum is once again attempting to break away from the market influence of BTC ETH’s correlation to Bitcoin has dropped significantly and is in territory last seen in early 2018 The correlation could continue to drop as staking of the 32 ETH required for ETH2.0 intensifies Ethereum’s value could eventually break $500 before December 1st Ethereum’s correlation to Bitcoin is once again dropping. According to data from Coinmetrics, ETH’s correlation to BTC has dropped significantly beginning in October. […]
