Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables – is […]

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Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally

Twitter Facebook LinkedIn Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange (FX) trading giant Oanda, has said that the plunge in the value of bitcoin and crypto will lead to a surge in the price of gold. In an interview, Innes said: “There’s still a lot of people in […]

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