The price of Bitcoin has stabilized above $100,000 for over a month, with its correlation coefficient with the US stock market dropping to -0.29, showing a clear negative correlation trend. Notably, physical gold has recently hit a new high, while the correlation between Bitcoin and gold has reached 0.2, indicating that Bitcoin's "digital gold" properties are gradually becoming more pronounced. This market dynamic may suggest that Bitcoin is likely to continue to rise in line with gold's trend, demonstrating its potential as a store of value. This shift in correlation is significant for understanding the positioning of Crypto Assets in the current macroeconomic environment.
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GateUser-00e834e1
· 06-15 06:22
😀😀😀😃😃😃😄😄😄😁😁😆😊😁😁😁😁😁😁😜😜😜🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪
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Csigapor
· 06-15 06:15
Thanks for the info!
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Jiabin
· 06-15 06:15
The price of Bitcoin has been stable above $100,000 for over a month, with its correlation coefficient with the U.S. stock market dropping to -0.29, showing a clear negative correlation trend. Notably, physical gold has recently hit new highs again, while the correlation between Bitcoin and gold has reached 0.2, indicating that Bitcoin's "digital gold" attributes are gradually becoming prominent. This market dynamic may suggest that Bitcoin is likely to continue rising alongside gold, demonstrating its potential as a store of value. This shift in correlation is significant for understanding the positioning of crypto assets in the current macroeconomic environment.
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riqlecZZZ
· 06-15 06:07
hold it, hold it, hold it
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GateUser-3bc604c5
· 06-15 06:04
will you buy coins 🪙 and hold it for long term or short term#Spot Bitcoin ETFs Top 1.1M BTC#goof
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CryptoNews_every_day
· 06-15 05:44
buy back - get another bottom as a gift 🎁
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Heydar34
· 06-15 05:32
Hold tight 💪
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Baba1965
· 06-15 05:05
ATH Trading Fair
Trade & Smash to Share $50,000 in ATH
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Reply0
Freelemon
· 06-15 04:54
During the bull run, Bitcoin is sure to break fifteen thousand dollars, let's wait and see.
The price of Bitcoin has stabilized above $100,000 for over a month, with its correlation coefficient with the US stock market dropping to -0.29, showing a clear negative correlation trend. Notably, physical gold has recently hit a new high, while the correlation between Bitcoin and gold has reached 0.2, indicating that Bitcoin's "digital gold" properties are gradually becoming more pronounced. This market dynamic may suggest that Bitcoin is likely to continue to rise in line with gold's trend, demonstrating its potential as a store of value. This shift in correlation is significant for understanding the positioning of Crypto Assets in the current macroeconomic environment.