Bitcoin’s breakup with gold may be a sign of crypto's emerging maturity

07/01/2023 02:00
Bitcoin’s breakup with gold may be a sign of crypto's emerging maturity

Bitcoin's correlation with gold reached its yearly low, showing the market has matured significantly and is decoupling from other assets.

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 1 day ago · 2 min read

Bitcoin's correlation with gold reached its yearly low on June 30, suggesting a decoupling from other assets.

2 min read

Updated: June 30, 2023 at 7:25 pm

Bitcoin’s breakup with gold may be a sign of crypto’s emerging maturity

Cover art/illustration via CryptoSlate

"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...

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