The short-term correlation between gold and Bitcoin drops to -0.54, the lowest since February
According to ChainCatcher, data from Glassnode shows that the short-term correlation between Bitcoin and gold has dropped to -0.54 over the past 30 days, the lowest level since February. Meanwhile, the 90-day and 365-day correlations remain positive, at 0.39 and 0.60, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet

GAIN official: Investigating issues related to abnormal token over-issuance
Data: 10 addresses received a total of 210,000 ETH within 6 hours, worth approximately $863 millions.
