Data: Correlation between BTC and ETH has reached a new high since 2018

According to AMBCrypto, Bitcoin's correlation with other mainstream cryptocurrencies remains strong. According to the Coin Metrics chart, BTC and ETH have a positive correlation, and their price correlation coefficient is 0.88. Encrypted data analyst Skew markets also pointed out that the correlation between the top two cryptocurrencies by market capitalization has reached a high since 2018. Both BTC and ETH have a strong correlation with other altcoins, and the positive trend of the market may soon lead to the arrival of the altcoin season.