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Exploring Bitcoin’s [BTC] increasing correlation to gold amid banking turmoil
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ambcrypto.comBitcoin’s [BTC] price movement exhibited a strong resemblance to gold in the recent weeks, reinforcing the king coin’s long-supported narrative of being a safe-haven asset.
How much are 1,10,100 BTCs worth today?
As per blockchain analytics firm Kaiko, BTC’s correlation to gold hit a multi-year high of about 50%. On the other hand, its correlation with U.S. stocks dipped considerably, exacerbated by the collapse of high-profile banking entities.
<p lang=«en» dir=«ltr» xml:lang=«en»>#Bitcoin's correlation with gold surpassed its correlation with the S&P 500 Read more on ambcrypto.comAbout this in other media
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