Bitcoin-gold 90-day correlation rises to +0.50, near pandemic-era peak
The 90-day correlation between Bitcoin and gold prices has risen to +0.50, near the all-time high set during the 2020 pandemic, more than doubling since the start of 2024. The rise accelerated after a recent U.S. Treasury announcement.
Detected & updated continuously · Source: Nebula
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@TU_Crypto_News
Bitcoin is trading increasingly in line with gold, with its 90-day correlation rising to +0.50, near the pandemic-era peak. The reading is more than double its level at the start of 2024 and accelerated after a recent U.S. Treasury announcement.
@KobeissiLetter
Bitcoin and gold are increasingly moving together: The 90-day correlation between Bitcoin and gold prices is up to +0.50, almost matching the all-time high set during the 2020 pandemic. This figure has more than doubled since the start of the year. By comparison, following the https://t.co/9Ag9mP7pJV