Analysis: Bitcoin "Less Sensitive" to U.S. Treasury Yields; Hard Asset Attributes May Surpass Gold
Source:
www.coindesk.com
According to CoinDesk, as market concerns over the fiscal conditions of advanced economies intensify, gold and Bitcoin have recently strengthened in tandem. To date, the 90-day correlation coefficient between the daily returns of BTC and gold has risen to 0.59, marking the highest level since 2020.