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Market Cap:
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Bitcoin Bitcoin Share: 54.61%
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AMB Crypto
2023-04-04 15:30:02

Exploring Bitcoin’s [BTC] increasing correlation to gold amid banking turmoil

Exploring Bitcoin’s [BTC] increasing correlation to gold amid banking turmoil

Bitcoin’s correlation to gold hit a multi-year high of about 50%. BTC’s relationship with equity markets weakened amidst a deepening banking crisis. Bitcoin’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

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