CryptoQuant: Bitcoin and Gold Correlation Improvement
2025-04-24 08:02:58
According to CryptoQuant's latest data analytics, Bitcoin's correlation with the S & P 500 index has fallen from 0.88 at the end of 2024 to the current 0.77, and with the Nasdaq Composite Index from 0.91 in January this year to the current 0.83. At the same time, Bitcoin's correlation with gold is strengthening, rising from -0.62 at the beginning of the month to -0.31. Bitcoin's scarcity is similar to gold and has the potential to follow the trend of gold.
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