Bitcoin’s Link to Gold Hits a 6-Year High as Tech Correlation Fades: Why It Matters
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11 Articles
Bitcoin's (BTC) correlation with gold has reached one of its highest levels in recent years, while its relationship with technology stocks has weakened significantly. According to data from The Kobeissi Letter, based on an analysis by Bitwise Asset Management using Bloomberg data, Bitcoin's 90-day moving average correlation with gold has risen to approximately +0.50. This ratio is one of the highest seen since the pandemic period in 2020. […] So…
Bitcoin-gold correlation rises to +0.50 while Nasdaq link hi
🚨 Bitcoin and gold correlation jumps to +0.50, matching the all-time high. 🟡 The 90-day link between $BTC and the Nasdaq 100 hits its lowest point in a year. 📈 Investors focus on scarce assets as US debt nears $40 trillion. 🕒 Gold and Bitcoin attract attention as hedg...
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