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According to reports, Coinbase stated in a research report that the correlation between Bitcoin and Ethereum returns has been declining since mid March. After the upgrade of Ethere
According to reports, Coinbase stated in a research report that the correlation between Bitcoin and Ethereum returns has been declining since mid March. After the upgrade of Ethereum in Shanghai, the decline in this relationship became more apparent, and a similar trend appeared in September 2022 after the last update to Merge on the network. The weakening of the 40 day correlation in the daily return rate may continue for another two weeks, as the initial stage of Ethereum extraction remains valid after the upgrade.
Report: The decline in the correlation between Bitcoin and Ethereum may affect investors’ hedging strategies
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