Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster

2019-3-21 16:13

Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset.

As the dollar crumbles and whispers of recession grow, bitcoin could spike alongside gold as a hedge against a future bear market in stocks. Bitcoin and Gold Strong Correlation As you can see in the chart below, both bitcoin and gold spent the week in an upward trend. Bitcoin

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Bitcoin (BTC) на Currencies.ru

$ 91426.07 (+0.34%)
Объем 24H $58.549b
Изменеия 24h: -2.03 %, 7d: -0.21 %
Cегодня L: $91084.05 - H: $92664.54
Капитализация $1824.664b Rank 1
Цена в час новости $ 4014.96 (2177.14%)

bitcoin gold market stock correlated correlation dollar

bitcoin gold → Результатов: 126


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