| Time | Details |
|---|---|
| 2024-11-19 15:58 |
ETH-BTC Correlation Hits Three-Year Low, Influencing Trading Strategies
According to @ki_young_ju, Ethereum (ETH) is showing a decreasing correlation with Bitcoin (BTC), as the 180-day Pearson correlation between the two has reached a three-year low. This suggests that a 10% increase in Bitcoin's price might only lead to a 3% gain in Ethereum's price. Traders should note that the strength of Bitcoin does not necessarily imply a similar movement in Ethereum, indicating that each asset is now following its own path. (Source) |
| 2024-11-19 15:58 |
ETH Shows Decreased Correlation with BTC
According to ki_young_ju, Ethereum (ETH) is showing a decreased correlation with Bitcoin (BTC), as the 180-day BTC-ETH Pearson correlation has reached a three-year low. This could mean that a 10% rise in Bitcoin might only lead to a 3% gain in Ethereum. Traders should note that strong performance in Bitcoin does not necessarily indicate a similar trend for Ethereum, as each asset is increasingly following its own path. (Source) |