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Bitcoin Price Correlation with Precious Metals Increases Recently
2023/05/19 07:18
According to data from intotheblock, the price correlation between bitcoin and precious metals has increased recently.
Intotheblock says that this phenomenon may be related to a shift in macro focus from interest rates to the banking crisis and the risk of a U.S. default. In addition, the recent rally in the U.S. dollar index (DXY) may have been a major factor in the joint decline in the prices of bitcoin and precious metals.
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