Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months

Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in the direction opposite to each other. Correlation Coefficient Is Now Underwater For Bitcoin & Gold In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Correlation Coefficient between Bitcoin and Gold. The Correlation Coefficient is a tool from statistics that measures the relationship between two given variables over a given period, typically one month. In the current case, the variables are the prices of BTC and Gold source: https://www.newsbtc.com/bitcoin-news/safe-haven-bitcoin-gold-correlation-negative-6/