cryptobriefing.com
Key Takeaways
- Bitcoin's short-term (30-day) correlation with gold is now negative at -0.53, according to Glassnode.
- This is a significant change from the long-term (365-day) correlation, which is still modestly positive at 0.65.
Bitcoin’s short-term correlation with gold has turned negative, reaching -0.53 over a 30-day period, according to data from blockchain analytics firm Glassnode.
The shift marks a departure from Bitcoin’s longer-term relationship with the precious metal, which remains modestly positive at 0.65 over a 365-day timeframe.
