Bitcoin’s correlation to gold hits multi-year excessive

Bitcoin’s (BTC) correlation with gold reached a multi-year excessive final week and is presently above 50%, exceeding its correlation with U.S. shares.  Certainly, Bitcoin has withstood the present instability within the monetary business and mounting regulatory uncertainty very effectively, skyrocketing by over 70% YTD, tremendously surpassing conventional asset courses as they see ‘digital gold’ as […]
By BrokersDOTmarkets

brokersdotmarkets's Recent Blog Posts

High 5 Synthetic Intelligence (AI) cryptocurrencies to look at in March
The booming recognition of the text-based synthetic intelligence (AI) platform ChatGPT has reawakened the general public’s curiosity within the underlying expertise, giving rise to AI-focused…
2 years ago
60% of navy tools suppliers for Ukraine accepted crypto, claims minister
With Russia’s notorious invasion of Ukraine getting into its first 12 months, it has emerged that cryptocurrencies have performed a key function within the battle apart from getting used as a method…
2 years ago
Will Bitcoin bulls retain benefit? What to anticipate for BTC this weekend
Bitcoin’s (BTC) value motion has stalled, with the maiden cryptocurrency buying and selling beneath $24,000 after this yr’s momentum was reduce partly on account of macroeconomic and regulatory…
2 years ago
Neal Stephenson Reveals How He Created the Metaverse
When New York Occasions bestselling writer Neal Stephenson first coined the time period metaverse in his 1992 cyberpunk novel Snow Crash, he set a excessive bar for different science fiction authors…
2 years ago
Bitcoin On-Chain Demand Rising, However Slower Than In Earlier Cycles
On-chain information reveals demand for Bitcoin has been returning just lately, however the rise has been slower than what earlier cycles noticed at an analogous stage. Bitcoin Energetic Addresses…
2 years ago