Bitcoin Taps into Digital Gold Status Amid Macro Risks

Bitcoin's correlation with gold has surged to +0.7 in just 90 days, up from -0.9, as investors flock to safe-haven assets amid rising macroeconomic risks.

This shift towards 'digital gold' status is a response to growing concerns over fiscal and geopolitical instability, which have driven the price of Bitcoin above $64,000 despite lingering resistance at key levels.

The correlation between Bitcoin and gold has been steadily increasing since April, with the two assets now moving in lockstep as investors seek refuge from market volatility.

In other news, Shiba Inu's whale wallets have shrunk to just 0.04% of holders, yet still control over 94% of supply, with the token trading near $0.00000449.