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Bitcoin Hits Six-Year High Gold Correlation Ahead of Fed Rate Decision

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

News Summary

  • Bitcoin’s 90-day correlation with gold reached a six-year high of +0.50 while decoupling from tech stocks, driven by bond market liquidity and yield pressures.
  • Analysts remain divided on whether Bitcoin is truly acting as digital gold or if the shift is temporary ahead of the Federal Reserve's rate decision.
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XAUUSD price history

4354.50 -8.63% over the displayed period

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