The positive correlation between Bitcoin (BTC) and Ethereum (ETH) fell below 80% for the first time in 18 months.
On-chain analytics platform Kaiko 12 May Posted on his official social media account on in the shipmentthe two cryptocurrencies with the highest market capitalization in the market bitcoin And Ethereum positive correlation between from November 2021 for the first time since 80% of under that you fell And to 78% showed regression.
Bitcoin since the beginning of the year of 65% by gaining value on 16,615 at dollar level 27,429 rising to the dollar Ethereum, 1,200 at dollar level 1,829 rising to the dollar 55% lagged behind Bitcoin in value gains.
Ethereum to Bitcoin since the beginning of the year many times expressed. Ethereum’s lagging behind in performance is experienced on the regulatory side. uncertainty concerns with associated.
Recently, many institutions, especially the US authorities, have announced that Ethereum legal status about different opinions suggested. New York State Attorney General’s Office Opened to KuCoin unregistered securities in the sale of securities Ethereum One securities while claiming to be US Commodity Futures Trading Commission (CFTC) the Ethereum commodity described it as.
On the other hand, it was recently launched to the market and attracted a lot of attention from investors. Bitcoin-based investment products Bitcoin high performance showing the correlation effective in opening the negative sense was also underlined.
