Bitcoin correlation
ENS Price has declined by 2% as the correlation with Bitcoin weakens following the Federal Reserve’s decision to maintain interest rates. Ethereum Name Service is currently trading at $15.20, indicating a test of the lower Bollinger Band support level. This price movement occurs amid signs that Bitcoin’s correlation with Ethereum is starting to decouple. The Federal Reserve’s decision has influenced market dynamics, leading to fluctuations in various cryptocurrencies. Investors are closely monitoring the correlation trends between these digital assets as they navigate the evolving financial landscape.
