Cryptocurrency Insight
Bitcoin, the digital currency that was once considered a volatile investment, has found a surprising ally in the form of an age-old commodity: gold. Since March, the correlation between the alpha cryptocurrency and the precious metal has steadily increased, providing investors with a safe haven Read More
The Bitcoin safe haven narrative may be back as data shows that the cryptocurrency’s correlation with gold has increased in recent months. Bitcoin’s correlation with gold has increased over the past year According to Glassnode’s latest weekly report, the correlation between the two assets remained Read More
Over the years, Bitcoin has shown an increasingly strong positive correlation with the S&P 500 and other major US stock market indices. When the correlation weakens and turns negative, price movements in BTC can be especially substantial. The top cryptocurrency is now showing the biggest Read More