Ether decouples from bitcoin as it inches closer to record high $20 value

Given the craziness surrounding bitcoin today, one would almost forget that its cousin—the ethereum blockchain—is doing great as well.

But ethereum is not having any of it.

Unlike other digital currencies, ethereum proved this week that it is one of the most resilient cryptocurrencies out in the market today.

Analysts have been speculating the possible link between bitcoin and ethereum, after the latter showed robust transaction activities in the weeks when its older, more established cousin experienced modest trading volumes. The two currencies, however, failed to show this so-called “negative correlation” this week, when ether saw its value increase at the same time as bitcoin.