Ether (ETH) rose 2.6% and is maintaining a strong 30-day correlation coefficient (0.78) to BTC’s price. Correlations range between 1.0 and -1.0, with the former implying a direct relationship, and the latter implying a completely inverse relationship. Given their strong relationship, it’s unsurprising that ETH moved in tandem with BTC both in direction and in volume over the weekend. ETH reclaimed the psychologically important $1,300 mark. The supply for the second-largest cryptocurrency…
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