Bitcoin Decouples From Gold. Is Crypto in a Bear Market Again?

4 views  - 2024-09-12
CoinDesk

CoinDesk

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Data tracked by CryptoQuant shows that the correlation between bitcoin and gold has turned sizably negative of late. Gold has recently been pushing to new record highs above $2,500 per ounce while bitcoin struggles more than 20% below its record level of a few months ago. Has crypto fallen back to a bearish phase? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

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