Ethereum and Bitcoin correlation weakens as upgrades progress

Bitcoin and Ethereum: Divergence in Performance and Correlation

Changes in the Digital Currency Space

The digital currency space is experiencing a notable change in the performance and correlation of its two largest players, Bitcoin and Ethereum. Recent data from Kaiko Research suggests that the relationship between these two cryptocurrencies has weakened, with their correlation dropping below the long-term average of 0.71. This shift is significant and indicates a potential divergence in their future trajectories.