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
While the gold price surged 2.1% yesterday and is now close to an all-time high, Bitcoin price is making another attempt today to break the $28,8000-$29,000 resistance area that has been in place since mid- March. The latest macroeconomic data and a gold price that Read More
Bitcoin price could be following a fractal of gold during the 1970s – the last time inflation in the United States got out of control. What followed was a recovery of over 700% in the precious metal. Will the same happen with digital gold? Bitcoin Read More