Bitcoin Tilts Toward ‘Digital Gold’ as Correlation With Nasdaq Slips

Bitcoin Tilts Toward ‘Digital Gold’ as Correlation With Nasdaq Slips

Bitcoin's strong correlation with gold continues as economic uncertainty grows.

Gold is losing its practical and cultural relevance among younger generations. Read more

Bitcoin returned to positive territory after two months. Prices are compared to gold and Nasdaq.Read More:Digital Gold is Getting Stronger! Bitcoin's Correlation Map is Changing

Bitcoin Shows Signs of Decoupling from Stocks, Strengthens Correlation with Gold

Bitcoin appears to be changing its market behavior, with recent indications suggesting that the premier cryptocurrency is now diverging from traditional U.S. stocks. Over the past week, Bitcoin has not moved in lockstep with major stock indices like the S&P 500 and the Nasdaq. This seems to signal a...