Bitcoin’s correlation with gold strengthens amid recessionary signals

exchange681 week ago

0 0 2 minutes read

Despite a bleak U.S. jobs report triggering the Sahm Rule and signaling a looming recession, Bitcoin’s performance offers surprising resilience. Trading at a steady $65,000, Bitcoin is showing an unusual decoupling from major equity indices. Interestingly, Bitcoin’s correlation with the QQQ and SPY is in negative territory, showcasing a divergence from U.S. equities. Even more intriguing, Bitcoin’s alignment with gold is on the rise, hinting at a shifting dynamic… But what does this newfound correlation imply for Bitcoin’s future in a volatile market? Discover the implications in our full insight on CryptoSlate Alpha.

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