Ethereum

Bitcoin

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<p>The once closely entwined price movements of Bitcoin and Ethereum have begun to <a href="https://twitter.com/KaikoData/status/1731639787096772771" rel="noopener noreferrer nofollow">diverge</a>. Data from Kaiko indicates that the 60-day correlation between the two digital currency giants fell to a multiyear low of 75% in November.</p>
<p>Historically, the correlation between these two cryptocurrencies has been high.</p>
<h2 id="ethereum-s-lag">Ethereum's lag</h2>
<p>Bitcoin has been experiencing a surge, with its price reaching above $41,589.73 and achieving a 12.90% increase over the past week. <a href="https://u.today/ethereum-eth-price-breaks-critical-resistance-level-3000-ahead" rel="noopener noreferrer nofollow">Ethereum</a>, on the other hand, appears to be lagging.&nbsp;</p>
<p>Despite its respectable gains, Ethereum's price increase stands at 10.09% for the same period, trailing behind Bitcoin's more robust performance.</p>
<p>The rally behind Bitcoin's impressive performance has been partly attributed to speculation around interest rate cuts, which has fueled the most recent rally.</p>
<p>This widespread market optimism suggests that investors are gaining confidence in the face of regulatory clarity and the resolution of high-profile criminal cases within the crypto space.</p>
<h2 id="bitcoin-s-growing-dominance">Bitcoin's growing dominance</h2>
<p>Bitcoin's market dominance has reached a significant milestone, surpassing the 51% mark. This means that over half of the total market capitalization in the cryptocurrency space is now attributable to Bitcoin alone.</p>
<p>Bitcoin and Ethereum are valued at $814 billion and $267 billion, respectively, according to CoinGecko <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">data</a>.</p>
<p>Ethereum's market dominance often sees a notable increase during bull markets due to growing speculation and appetite for riskier cryptocurrencies.</p>

Bitcoin-Ethereum Dance Steps Out of Sync

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