Bitcoin's 90-Day Correlation with Gold Exceeds 50% as US Debt Hits $40 Trillion, Grayscale Reports Aug. 27
According to Grayscale, on Aug. 27, Bitcoin's 90-day correlation with gold climbed above 50% while its correlation with the Nasdaq 100 fell from over 60% to roughly 33%, citing Bloomberg data through Aug. 24. The shift signals investors increasingly view Bitcoin as a scarce monetary asset rather
GateNews·08-29 09:08
