Bitcoin and Ethereum price movements are not as similar as people think

It is widely believed that price movements in Bitcoin are shadowed by every other asset in the crypto markets. This makes people believe that Bitcoin and Ethereum price movements are always moving in the same direction, but is that the case? Of course not. Bitcoin and Ethereum correlation Statistics tweeted by Su Zhu, the CEO of Three Arrows Capital, highlighted that Bitcoin and Ethereum price movements both have taken their own unique route and the expected closely aligned trends are non-existent. Looking at the monthly closes of BTC/USD and ETH/USD trading pairs it was observed that the price trends have