Watch Out! Bitcoin & Ether Price Relationship Starting To Break Down!

According to a new BIS report, the price relationship between Bitcoin and Ether is starting to break down. The Bank of International Settlements, which comprises 29 central banks worldwide and is one of the most influential in the world, recently released its latest quarterly report on cryptocurrencies. number. In this document, they explain how cryptocurrencies are currently being used as an alternative to traditional currencies.

According to the report, published on February 28, 2018, Bitcoin and Ether have been at odds since their introduction to the market 20 years ago. The report explains that Bitcoin is associated with liberal leanings and anti-establishment sentiment; Ether has been associated with a more popular approach (BIS).

The report goes on to say that although the two cryptocurrencies have had their ups and downs over the past two decades, there are now signs that their relationship may be changing (BIS). The two cryptocurrencies have been tied together for almost two decades now, but this report suggests that once their relationship becomes ever closer, it could have big implications for both cryptocurrencies!