hi there,
it would seem that the correlation coefficient between ETH and BTC has been decreasing:
https://enroyd.com/ETH_Correlations/ Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?
Thanks!
It's just the effects of the upcoming hardfork that will going to take place in ETH. For the next months, the ETH might as well go back to be dependent in terms of price to bitcoin who is currently has a huge impact on other cryptocurrency.
Not sure about that and it seems like ether was building its own way and tried to leave from the bitcoin domination. that's indeed if ethereum can't be 100% independent from the domination of bitcoin but at least that will stand alone.