The correlation between Bitcoin (BTC) and Ethereum (ETH) has reached the lowest levels in several years, indicating a significant deviation from the all-time high levels seen at the end of 2022.
This divergence may be attributed to the increase in spot ETH exchange-traded fund (ETF) launches since November, while the broader upward trend in the market is said to be driven by excitement over potential approvals of a spot Bitcoin ETF.
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