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Bitcoin and Gold Show Near Perfect Negative Correlation

24/02 17:49

Bitcoin and gold prices are exhibiting a strong inverse correlation, nearing an all-time high close to -1. According to NS3.AI, this suggests a nearly perfect negative relationship, where gains in one asset are matched by losses in the other. CryptoQuant's CEO, Ki Young Ju, pointed out this unusual trend, emphasizing that Bitcoin is currently deviating from its conventional role as digital gold.

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