Bitcoin just broke its correlation with gold, stocks and the US dollar: What changed?
- Bitcoin’s correlation with traditional assets such as stocks, gold, and the US dollar has weakened significantly, suggesting that Bitcoin is shifting toward more independent movement.
- After recovering from a dip to $75,000, Bitcoin surged above $87,000, while gold and the S&P 500 were almost unchanged over the same period.
- Despite the recent rally, Bitcoin’s historical correlation could change again depending on market conditions. However, current data indicates that Bitcoin is no longer moving in sync with key macro assets.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin’s correlation with traditional assets such as stocks, gold, and the US dollar has weakened significantly, suggesting that Bitcoin is shifting toward more independent movement.
- After recovering from a dip to $75,000, Bitcoin surged above $87,000, while gold and the S&P 500 were almost unchanged over the same period.
- Despite the recent rally, Bitcoin’s historical correlation could change again depending on market conditions. However, current data indicates that Bitcoin is no longer moving in sync with key macro assets.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
