The correlation between Bitcoin and Ethereum prices soared to 0.90204, a record high

Coin Metrics data shows that the 180-day Spearman correlation coefficient of Bitcoin and Ethereum prices continues to be high. On May 3, the correlation coefficient of Bitcoin and Ethereum prices soared to 0.90204, a record high. Currently, the correlation coefficient is 0.89701. At the beginning of March this year, the correlation coefficient between the two was 0.83511.