Markets Op-Ed

Bitcoin-Gold Correlation Hits Record High as Institutions Buy Crypto

The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew. The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation. Correspondence between gold and bitcoin prices will last for as long as the global economy...
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Bitcoin (BTC) $ 68,413.33 0.97%
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