Crypto
Bitcoin Correlation with Gold Hits 90-Day High
The correlation between Bitcoin (BTC) and gold has seen a significant increase to 0.50 over the past 90 days, according to a recent report from BitRss.
This indicates that as the price of gold fluctuates, so does the price of BTC, suggesting a strong relationship between the two assets in this time frame.
The source provides no further context or analysis on what this means for investors, but it is worth noting that this correlation may have implications for those looking to diversify their portfolios with cryptocurrencies and precious metals.