- It was reported that the correlation between Bitcoin and gold has hit its lowest level since last November.
- Bitcoin, unlike safe-haven assets like gold, has not risen amid trade war concerns.
- The correlation between Bitcoin and gold has decreased by 15.4% compared to mid-December.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The correlation between Bitcoin (BTC) and gold has hit its lowest level since last November.
On the 4th (local time), CoinDesk reported, "The correlation between Bitcoin and gold has reached its lowest point since November 14 last year," adding, "Unlike gold, a safe-haven asset, Bitcoin has not been able to rise amid trade war concerns."
According to TradingView data, the current correlation between Bitcoin and gold is 34, a 15.4% decrease compared to mid-December (40).
Meanwhile, gold has surged nearly 10% this year due to the trade war and the impact of the Chinese New Year, reaching an all-time high of $2,877 per ounce.

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Jeong Eun-bo, Chairman of Korea Exchange, "Will Discuss Introduction of Virtual Asset ETF with Authorities"
1 hours ago
Binance Sells Its Holdings of BTC and ETH, Reducing Volume by Over 90%
2 hours ago
"U.S. Rapidly Enacts Crypto Legislation... South Korea Risks Falling Behind and Facing Exchange Rate Instability"
4 hours ago
US Imposes '25% Tariff' on 'Korean' Steel and Aluminum [Global Tariff War]
4 hours ago![US Imposes '25% Tariff' on 'Korean' Steel and Aluminum [Global Tariff War]](https://media.bloomingbit.io/prod/news/dc22ab91-47a4-4d7b-836f-9ca587f322ff.webp)
SEC's Pro-Crypto Move?… SEC Requests Court to 'Temporarily Halt' Binance Lawsuit
4 hours ago
Ranking News