Bitcoin and gold in step: High correlation indicates upcoming bull course - is BTC before returning to USD 98,000?

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Bitcoin und Gold: Eine Wiederentdeckung der Korrelation In den letzten Wochen hat sich die Korrelation zwischen Bitcoin und Gold wieder erhöht. Nach einem signifikanten Rückgang auf -0,67 ist die Korrelation nun auf 0,54 angestiegen. Diese positive Entwicklung könnte darauf hindeuten, dass ein bullischer Zyklus bevorsteht, der die Preise beider Vermögenswerte beeinflussen könnte. Traditionell gilt Gold als sicherer Hafen in wirtschaftlich unsicheren Zeiten, während Bitcoin häufig als digitales Gold betrachtet wird. Die Tatsache, dass sich die beiden Anlageklassen erneut in Einklang bewegen, könnte darauf hindeuten, dass Investoren sowohl in Gold als auch in Bitcoin Vertrauen setzen, insbesondere wenn sich die wirtschaftlichen …
Bitcoin and gold: The correlation between Bitcoin and gold has increased again in the past few weeks. After a significant decline in -0.67, the correlation has now risen to 0.54. This positive development could indicate that a bullish cycle is imminent that could affect the prices of both assets. Traditionally, gold is considered a safe port in economically uncertain times, while Bitcoin is often viewed as digital gold. The fact that the two investment classes move again could indicate that investors are both in gold and Bitcoin, especially if the economic ... (Symbolbild/KNAT)

Bitcoin and gold: a rediscovery of the correlation

In the past few weeks, the correlation between Bitcoin and gold has increased again. After a significant decline in -0.67, the correlation has now risen to 0.54. This positive development could indicate that a bullish cycle is imminent that could affect the prices of both assets.

Traditionally, gold is considered a safe port in economically insecure times, while Bitcoin is often viewed as digital gold. The fact that the two investment classes move again could indicate that investors are both in gold and Bitcoin, especially if the economic framework is changing.

An exciting aspect of this development is the possibility that Bitcoin could test its previous high of USD 98,000. This potential price increase could be supported by institutional investors and private investors who are looking for alternatives in a volatile market.

Overall, the increasing correlation between Bitcoin and Gold indicates that investors should pay special attention to both assets in the coming months. The market movements could have an interesting impact on the overall situation of the financial markets.