Bitcoin’s Correlation with Gold Hits Six-Year High Amid Macro Uncertainty
TLDR: Bitcoin-gold correlation hits its highest level since 2020, per Bitwise Asset Management data. Bitcoin surged 22.4% weekly after Treasury Secretary Bessent’s bond market intervention in August. Bitcoin’s correlation with the Nasdaq-100 dropped to a one-year low, weakening its risk-asset label. Gold’s $30 trillion market could reprice bitcoin if the correlation trend with debasement hedging [...]
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Source: Source: Blockonomi