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

XRP worth unfazed by SEC’s crypto trade lawsuits: Skilled breakdown
In a market rocked by the Securities and Alternate Fee’s (SEC) lawsuits focusing on outstanding cryptocurrency exchanges Binance and Coinbase, XRP has managed to carry its floor above the $0.50…
1 year ago
Ex-SEC legal professional says to ‘get out of crypto now’ amid regulatory offensive
Because the cryptocurrency market has began to reel from the fallout of the authorized motion began by the USA Securities and Alternate Fee (SEC) in opposition to two main crypto exchanges, Binance…
1 year ago
Cardano crashes 15% in every week as SEC’s ‘safety’ claims spark uncertainty
In a tumultuous week for the cryptocurrency business, the broader crypto market skilled unprecedented volatility following regulatory actions taken by the U.S. Securities and Change Fee (SEC) in…
1 year ago
Bybit and Franck Muller luxurious watches accomplice in co-branding enterprise
Cryptocurrency alternate Bybit has introduced that will probably be collaborating with the Swiss luxurious watch producer Franck Muller.  To advertise the complementary nature of Bybit’s expertise…
1 year ago
Bitcoin diverges from Nasdaq for two weeks; What it means for BTC
As Bitcoin (BTC) continues to wrestle beneath $27,000, the flagship decentralized finance (DeFi) asset has been diverging from the inventory marketplace for a while now, indicating that the standard…
1 year ago