"Amidst economic shifts, gold and Bitcoin have long been perceived as safe havens, their prices often moving in sync. But a possible decoupling suggests a maturing crypto market. The Bitcoin-gold correlation has recently plunged to a yearly low, hinting at Bitcoin's growing independence...
Bitcoin’s breakup with gold may be a sign of crypto’s emerging maturity Bitcoin’s breakup with gold may be a sign of crypto’s emerging maturity
Bitcoin's correlation with gold reached its yearly low on June 30, suggesting a decoupling from other assets.
2 min read
Updated: Jun. 30, 2023 at 7:25 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.