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The relationship between Bitcoin BTC/USDand Ethereum ETH/USD, the two largest cryptocurrencies by market cap, isundergoing a significant shift, as their price correlation slipped below 80% for the first time since November 2021.

Data from Kaiko, a leading analytics firm, revealedthe rolling 30-day correlation of Bitcoin and Ethereum recently descended to approximately 78%.

In simple terms, correlation quantifiedhow the prices of two assets moved in tandem.

A lower correlation implied the prices of these assets were diverging more frequently, suggesting the price movements of Bitcoin and Ethereum were no longer as tightly linked as they previously were.

Several elements could be contributing to this alteration in correlation.

A study by Coinbase found the correlation between Bitcoin and Ethereum started to decline from mid-to-late March, with Bitcoin outshining other cryptocurrencies amidst theU.S. banking sector upheaval and increased regulatory focus on non-Bitcoin digital assets.

Also Read:Over $721M In Crypto Stolen in 6 Years: Japan, Vietnam, US Bear Brunt Of Cyberattacks

The decoupling of Bitcoin and Ethereum was more evident in the days following the Shanghai (Shapella) fork, mirroring a similar pattern seen during the Merge in September 2022, when Ethereum switched to a proof-of-stake consensus mechanism.

Noting this pattern, Coinbase suggested market volatility and investor behavior could be among the driving forces.

In theory, a declining correlation between two assets bolsteredthe argument for portfolio diversification.

Investors holding both Bitcoin and Ethereum might stand to gain from this lower correlation, as it could potentially mitigate overall portfolio risk.

Additionally, this decoupling could signal these cryptocurrencies are carving out independent paths, opening up new avenues for investors to capitalize on their differing performances.

Read Next:Crypto Crime On The Rise, DOJ Takes Aim At Violators Including 'Too Big To Fail'

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Bitcoin And Ethereum Break Up The Crypto Love Story Ends? - Benzinga

Bitcoin (BTC) is having a middling mid-week performance closing 0.5% lower on Tuesday and staying dead on US$27,000 in this mornings trades.

Despite the lack of excitement on the markets, Tuesday was in some way a momentous occasion for the cryptocurrency sector, with the European Council officially signing off on the comprehensive Markets in Crypto-Assets (MiCA) legislation, creating a unified framework across all member states for regulating the cryptocurrency industry.

Aspects of the legislation, particularly those surrounding identification requirements, will prove highly unpopular among the maximalist contingent on the cryptosphere, but the rules could end up being a positive step in solving the ongoing liquidity crisis.

Unlike their EU counterparts, US lawmakers have adopted a far more heavy-handed, regulation-by-enforcement approach that has created uncertainty among investors and the exchanges that facilitate crypto on-ramps.

With risk appetite among investors in all markets still exceptionally high, a more reliable place to conduct trades could end up being a net positive, at least for spot prices.

For now, subdued bitcoin price action has kept both long and short liquidations to a minimum this week.

Bitcoin (BTC) straddles the 27k line Source: currency.com

Short-term price levels to consider are US$26,900 on the downside, where buyers have gathered, and US$27,400 on the upside, where sellers have gathered, according to Binances depth chart.

Ethereum (ETH) had a choppier Tuesday session than bitcoin, having bounced off the US$1,800 support to actually close 0.4% higher at US$1,824 before falling back to US$1,808 this morning.

Payment network Litecoins LTC token continues to outflank the wider blue-chip altcoin set by adding another 3% overnight to bring it up to US$91.69 against the greenback.

Week-on-week, that brings LTC over 15% higher as it prepares for the next halving event on August 2, when mining distribution will be slashed by 50%.

Ripple (XRP), which is another payment-focused altcoin, is also beating the market, with gains of4.5%over the past seven days.

Dogecoin (DOGE), Solana (SOL) and Polygon (MATIC) are among the worst performers with low-single-digit losses each.

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Bitcoin and Ethereum: No MiCA bounce for crypto - Proactive Investors USA

Everyone loves a freebie, and in the crypto market, there are a plethora of ways to earn coins without investing any more of your money. With DogeMiyagi (MIYAGI), there are amazing opportunities for referral-based earning, and with Ethereum (ETH) and Cardano (ADA), there is the exciting prospect of token staking to increase your holdings.

DogeMiyagi (MIYAGI) has been making waves in the crypto scene during its successful presale, which has already raised an impressive $50,000. MIYAGI is offering an exciting referral incentive, where investors can earn a 10% commission on every referral they make, allowing them to increase their MIYAGI tokens with no additional investment.

The strength of crypto lies in its community, and MIYAGI has clearly recognised this with the referral system, and investors can be assured that this new crypto coins care for its community does not end there. Using a Decentralised Autonomous Organisation, or DAO, MIYAGI has put the power in the hands of its token holders, allowing them to be the ones to make decisions about the future of the coin.

ETH uses a staking mechanism, wherein token holders can deposit 32 ETH to activate validator software, and as a validator, you can earn rewards for helping to run ETH software securely and help the network reach consensus.

There are multiple options within staking, either the highest level of 32 ETH to become a validator or liquid staking, wherein investors can stake any amount of ETH that they choose. Although, by staking less, you earn fewer rewards. However, with this pooled liquid staking, there is the ability to exit the staking pool at any time and take your staking rewards with you.

Cardano (ADA) is joining Ethereum (ETH) on the staking hype, drawing investors in with the promise of great rewards if you join the staking system. By staking ADA, you are not only contributing to the security and decentralisation of the ADA network but also earning tokens to increase your own holdings.

There is also the option to create your own stake pool with your own tokens or delegate your stake to a stake pool run by somebody else. Either way, the opportunity to contribute to the ADA network and earn free crypto tokens at the same time is drawing thrifty crypto investors to this currency, and all the while, ADA is becoming more stable and popular.

The world of crypto is a very exciting place at the moment, and more investors are looking for different ways to increase their earnings. By using DogeMiyagi (MIYAGI), Ethereum (ETH), and Cardanos (ADA) free crypto earning systems, through either referring or staking, you can join this thriving scene at a higher level than you may originally have thought. The crypto scene will only continue to grow, and your investments can grow along with it.

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Free Crypto! DogeMiyagi, Ethereum, and Cardano offer ways to get ... - Euro Weekly News

While it may seem that many cryptocurrencies have been experiencing dismal losses during the first quarter of 2023, some have come out looking stronger than expected, which has caused many analysts to predict a much more positive second quarter. Tron (TRX) has especially impressed the crypto community, and Ethereum (ETH) has had a shaky, although mostly positive trajectory, while DogeMiyagi (MIYAGI) continues to gain interest.

Tron (TRX) has reported that their revenue surpassed $90 million in the first quarter of 2023, and although in the very first days of the year, things were not looking promising, TRX has managed to recover admirably and continues to move upwards in the market. TRX has experienced a growth of 193,000 new accounts per day, daily transactions increased by 7.7%, and the deflation rate was stable at around 1%.

Furthermore, the position of TRX within stablecoins has remained strong, coming second only to Ethereum (ETH). Technical developments on the platform advanced consistently during the first quarter, and the combination of all these factors has meant that TRX is entering the second quarter in an enviable position due to seeing even more success as the year plays out.

As Tron (TRX) experiences gains on the crypto scene, the rest of the market seems to be reawakening and creating fertile soil for new projects to grow in. DogeMiyagi (MIYAGI) is a very promising young seedling that is still in its early stages of development, but the attraction of this coin is undeniable.

Still in the presale stage, MIYAGI has already raised a promising $50,000, which will only continue to grow as the presale gathers more and more attention and investors. Operating under a Proof of Stake consensus mechanism, MIYAGI is a part of the new wave of green crypto, using this eco-friendly technology instead of more traditional, energy-intensive systems like proof of work.

Because of this, MIYAGI will gain even more legitimacy in the crypto market, as it is by making these forward-thinking considerations that they will bolster their position.

Another cryptocurrency that operates under a Proof of Stake consensus mechanism is Ethereum (ETH) since it made the decision to transition into this greener, cheaper, and more efficient system. ETH has been experiencing peaks and troughs during this first quarter but overall has had a fairly positive journey over the past few months, even exceeding the $2,000 limit at one point. Crypto enthusiasts anticipate even more gains for ETH as the year progresses and predict exciting things for this currency.

As we enter the second quarter of 2023, it seems that spring has sprung for crypto, and exciting things are in store for these coins. The excitement surrounding Tron (TRX), DogeMiyagi (MIYAGI), and Ethereum (ETH) is palpable, and the crypto community cannot wait to see what will happen over the next quarter.

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Sponsored

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

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Exciting developments in 2023's second quarter mean great things ... - Euro Weekly News

Benzinga - An Ethereumwhale that had been dormant for over 2 years has suddenly woken up.

What Happened: According to the on-chain platform Lookonchain, the whale, who was an ICO participant in Ethereum, created a contract just 3 hours ago and staked 4,032 ETH, worth a staggering $7.4 million.

Upon further investigation, it was revealed that the whale received a total of 60,000 ETH at Genesis. At the time of writing, this is worth $109.47 million.

See More:The Art Of The Future: Lisa Rays TheUpsideSpace Bring NFTs To Center Stage

Why It Matters: Its not clear what prompted the whale to suddenly wake from its slumber and stake such a significant investment.

Whales holding over 1,000 ETH, appear to be playing a role in keeping the price from rising as they are not showing an interest in re-accumulating at current prices, according to data from Glassnode.

The on-chain data shows that the number of Ethereum addresses holding 1,000 or more coins has just hit a 6-month low of 6,435.

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Ethereum Whale Suddenly Awakens, Stakes $7.4M After 2-Year ... - Investing.com UK