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Is Bitcoin decoupling from rest of crypto market?
Over the past few years, it has been a fair statement to declare that the majority of cryptocurrencies trade like levered bets on Bitcoin. The world’s largest cryptocurrency rises in value, altcoins rise a little more. Bitcoin falls, altcoins fall a little more. As far as generalisations go, it’s a reasonably fair one. However, within this overarching pattern, there have been periods where this relationship has deviated from the norm. One of those times is now, when some of the underlying numbers seem to imply that Bitcoin may be decoupling from the rest of the market. Firstly, the most obvious way to investigate ... (full story)