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Can ether break out from bitcoin’s shadow? Crypto shows ‘signs of de-coupling’

Ether’s de-coupling from bitcoin could mean the cryptoasset is gearing up to pull ahead

Ethereum is in the middle of a length upgrade to make its technology more sustainable, as mining tokens on the protocol remains extremely energy intensive
Ethereum is in the middle of a length upgrade to make its technology more sustainable, as mining tokens on the protocol remains extremely energy intensive Photo: Getty Images

As ether rose to fresh record highs above the $2,550 mark on 22 April, experts thought the cryptocurrency might be bucking the trend while its larger rival bitcoin continued to languish. 

The world’s second most valuable cryptocurrency is now showing “signs of de-coupling from bitcoin”, analysts said, its long-time partner as the two usually rise and fall together with investor appetite.

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