Scan to download
BTC $75,452.64 -0.11%
ETH $2,316.39 -0.56%
BNB $626.42 +0.57%
XRP $1.42 -0.69%
SOL $85.41 -0.33%
TRX $0.3286 -0.40%
DOGE $0.0949 -0.16%
ADA $0.2468 -0.60%
BCH $441.23 -0.19%
LINK $9.25 +0.14%
HYPE $41.34 -4.44%
AAVE $90.87 +0.29%
SUI $0.9441 -1.30%
XLM $0.1681 -1.30%
ZEC $309.23 -6.38%
BTC $75,452.64 -0.11%
ETH $2,316.39 -0.56%
BNB $626.42 +0.57%
XRP $1.42 -0.69%
SOL $85.41 -0.33%
TRX $0.3286 -0.40%
DOGE $0.0949 -0.16%
ADA $0.2468 -0.60%
BCH $441.23 -0.19%
LINK $9.25 +0.14%
HYPE $41.34 -4.44%
AAVE $90.87 +0.29%
SUI $0.9441 -1.30%
XLM $0.1681 -1.30%
ZEC $309.23 -6.38%

Bloomberg: The 40-day correlation between Bitcoin and gold is approaching a historical high, potentially becoming a "safe haven" again

2022-10-24 16:42:11
Collection

According to ChainCatcher, data provided by Bloomberg shows that the 40-day correlation between Bitcoin and gold is approximately 0.50, up from around zero in mid-August, and is approaching the historical high of around 0.6. Although the correlation with the S&P 500 index is higher at 0.69, and the Nasdaq 100 index is at 0.72, they have flattened out, below the record levels of a few months ago. According to Bank of America, Bitcoin's movement relative to other assets may indicate that investors believe it is becoming a "safe haven" (risk hedging tool) again. (Bloomberg)

Related tags
Related tags
app_icon
ChainCatcher Building the Web3 world with innovations.