Ether Hits Record Highs as Price Decouples From Bitcoin
The price of ether, the native digital asset on the Ethereum blockchain, neared $20 for the first time ever on 14th June, approaching the milestone as it appeared to break out of its old trading patterns. In recent weeks, market observers asserted that ether had been displaying a negative correlation, with the older, more established digital currency bitcoin. However, the two currencies failed to exhibit this relationship during today’s session, as ether saw price growth that happened in spite of declines in the price of bitcoin. Ether’s price fluctuations also notably took place amid....
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