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Cryptocurrency analysis company Alphractal stated in its latest assessment that the correlation between altcoin markets and Bitcoin has decreased again.
The company believes that this situation has historically been a precursor to major price movements and trend changes.
“Bitcoin-altcoin correlation has fallen again, a sign that a major surge is approaching,” Alphractal said in his analysis, adding that historical data has shown that declines in altcoin-Bitcoin correlation often coincide with local peaks, strong bullish reactions, or periods of increased volatility.