2023-4-26 19:48 |
Quick Take Bitcoin correlation to gold is continuing to get stronger, which is a positive sign as further stress continues onto the regional banking sector in the U.S. Kaiko reported that the Bitcoin 30-day rolling correlation with gold has surged since March, and it is now at 57%, the highest in almost two years. While on a 90-day rolling basis, the correlation between Bitcoin and Gold is at 86%, a 3-year high. According to CNBC, First Republic Bank’s share price is down a fourth of 17% today, and the U.S. government is unwilling to intervene. BTC Correlation: (Source: Glassnode) BTC Correlation: (Source: Kaiko)
The post Bitcoin correlation with gold surges amidst First Republic Bank news appeared first on CryptoSlate.
origin »Bitcoin (BTC) на Currencies.ru
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