Recently, the correlation between Bitcoin and precious metal prices has increased, possibly influenced by the banking crisis and the risk of U.S. debt default

ChainCatcher news, according to data from intotheblock, the correlation between Bitcoin and precious metals has increased recently.

Intotheblock indicates that this phenomenon may be related to the macro focus shifting from interest rates to the banking crisis and the risk of default in the United States. Additionally, the recent rebound of the U.S. dollar index (DXY) may also be an important factor contributing to the simultaneous decline in the prices of Bitcoin and precious metals. (source link)