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Bitcoin Correlation with Gold Hits Six-Year High as Equities Decouple

CryptoProwl Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin's correlation with gold has reached its highest level since 2020, decoupling from equities amid rising Treasury yields.
  • Surging 25% in late August while stocks dropped, Bitcoin's alignment with gold and negative dollar correlation reinforces its positioning as a macro store of value.
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XAUUSD price history

4325.40 -9.24% over the displayed period

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