Bitcoin and gold move in tandem, correlation hits a new peak
• The 90-day Pearson correlation coefficient between Bitcoin and gold reaches a record high level of all time.
• Both assets move in the same direction, reflecting an increasingly strong "debasement trade" (hedging against currency debasement).
• The Fear and Greed Index is at 68, in the Greed (positive sentiment) zone, indicating an optimistic investor mindset.
• The RSS source has not yet provided any further details about specific price movements.
#Bitcoin #Gold #DebasementTrade #FearAndGreedIndex #CryptoNews BinanceSquare
$btc btc
vlikevn Titanbot
Source: The Block
• The 90-day Pearson correlation coefficient between Bitcoin and gold reaches a record high level of all time.
• Both assets move in the same direction, reflecting an increasingly strong "debasement trade" (hedging against currency debasement).
• The Fear and Greed Index is at 68, in the Greed (positive sentiment) zone, indicating an optimistic investor mindset.
• The RSS source has not yet provided any further details about specific price movements.
#Bitcoin #Gold #DebasementTrade #FearAndGreedIndex #CryptoNews BinanceSquare
$btc btc
vlikevn Titanbot
Source: The Block