Bitcoin’s Correlation With Other Tokens Will Weaken as Its Dominance Declines

Bitcoin’s Correlation With Other Tokens Will Weaken as Its Dominance Declines

Despite surging inflation, war in Ukraine, concerns of a recession and volatile global currency moves, bitcoin is weakening relative to ether (ETH). The market cap ratio of the two tokens has dropped to around 1.9x, from as high as 20x in 2016, the report said.

Originally Posted on: https://www.coindesk.com/markets/2022/09/07/bernstein-bitcoins-correlation-with-other-tokens-will-weaken-as-its-dominance-declines/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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