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!
Yes. It looks like ETH doesn't depend to BTC now that its price stick to its range while BTC shoots up yesterday. A lot of volume were poured much on BTC than ETH yesterday, it could mean that ETH isn't that lucrative to them but those guys may just be sticking now to BTC because they know its rising.