Ether May Have Decoupled from Bitcoin in the Future
Ether has historically been correlated with bitcoin, but a weakening of correlation may indicate that the largest digital asset in the world, bitcoin, may no longer be anchoring ether and the broader market. Pulkit Goyal, Vice President of trading at OrBit Markets, an institutional liquidity provider of options and structured derivatives in digital assets, believes that this decoupling may be long-lasting.
While it is worth noting that ether has briefly decoupled from bitcoin in the past, the current weakening of correlation appears to be more significant. This implies that investors may need to reconsider their strategies and look for trading opportunities elsewhere.
According to Goyal, the digital asset market is maturing rapidly, with trading becoming more sophisticated. This means that investors’ portfolios may become more diversified as they seek to maximize their returns.
Overall, while ether’s decoupling from bitcoin may represent a significant shift in the digital asset market, it is too early to predict the long-term implications. Investors will need to follow the latest developments closely and re-evaluate their investment strategies accordingly.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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