Bitcoin correlation with gold surges amidst First Republic Bank news

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 price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 69589.68 (-0.50%)
Объем 24H $90.397b
Изменеия 24h: -8.34 %, 7d: -20.78 %
Cегодня L: $69554.9 - H: $73305.56
Капитализация $1390.73b Rank 1
Цена в час новости $ 28380.5 (145.2%)

bitcoin gold correlation rolling surged reported kaiko

bitcoin gold → Результатов: 126