Correlation Between Bitcoin and Gold Rises to 0.68
The price correlation between Bitcoin (BTC) and gold has recently strengthened, with the correlation coefficient rising from 0.17 in 2020 to 0.43 this year. In the last 30 days, the correlation coefficient reached 0.68. Adam Livingston, Vice President of Strive Investments, explained that the two assets can be viewed not as opposing investment targets but as different exits from the same system. Bitcoin is traditionally seen as a risky asset, while gold is considered a safe haven. However, as the price directions of the two assets have become closer, this distinction is blurring. Currently, gold is trading at approximately $4,326, while Bitcoin is trading at around $75,500. The yield on the U.S. 10-year Treasury bond briefly exceeded 5% before falling again, and both Bitcoin and gold, which are non-yielding assets, may face price pressure from rising bond yields and a strong dollar. The recent increase in the correlation between Bitcoin and gold indicates a significant change in the relationship between the two assets, with some market participants evaluating that Bitcoin is moving like 'digital gold.'
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Saylor: The era of intelligence and digital assets needs a bill of rights

Bitcoin at $84,000 Despite US-Iran Stalemate

Washington has $114 billion reasons to want Tether around

Block Integrates Bitcoin Lightning Network into x402 Payment Standard

Grant Cardone: Commercial Real Estate Reset Drives Bitcoin Investment

Bitcoin Spot ETF Sees $5.3 Billion in Inflows, Driven by Treasury Buybacks

Strategy Plans to Distribute Bitcoin Treasury Dividends Daily

Major Investors Hold Crypto During 50 Percent Crash

Bloomberg analyst warns 5% U.S. 10-year yield may reduce Bitcoin appeal

Benson Sun Predicts Bitcoin Will Experience a Slow Bull Trend

Michael Saylor Suggests Banks Custody BTC and Provide Loans

Galaxy Research: CFTC's 'Mention Markets' Guidance Highlights Structural Manipulation Risks in Individual Speech Predictions

CZ Welcomes More DEX Participation in Competition

Fidelity Executive Claims Bitcoin May Have Started a New Bull Market, Target Price of $300,000 by 2029

OG.com Submits Application for US Stock Perpetual Contracts to CFTC Following Coinbase, Kalshi, and Kraken's Parent Company Payward

Trump Rejects Iran Ceasefire, Expects Bombing After Midterms: Will Oil and Bitcoin Hold?

81% of Bitcoin Remains Inactive for 6 Months, Price Rises Due to Supply Decrease

CryptoQuant: Bitcoin's Unrealized Profit and Profit-Taking Scale Rise, Market Faces Correction Risk

Bitcoin Has Not Fallen Below Realized Price During the Bear Market

Strive Launches Bitcoin Vault Preferred Stock Income ETF

Bull Signal for Bitcoin: In 4 out of 5 Past Instances, Prices Increased

ๅๅๆ็ซน Calls for Resumption of DOG Spot Trading

Google Trends: Bitcoin Gains Ground Against AI

ๅๅๆ็ซน: Quantum Computing Becomes a Core Risk Point in the Cryptocurrency Field

Arthur Hayes: AI Debt Could Cause Bitcoin to Drop and Then Rebound

4500 Bitcoins Moved to New Addresses, Sale Status Unconfirmed

Sequence Sells 314 Bitcoins and Settles Corporate Debt

Sam Price Predicts Gold Prices Will Rise, Focuses on Cryptocurrency Market Trends

CleanSpark Closes $2.276 Billion Debt with 7.875% Senior Secured Notes








