Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges
Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship. Their 90-day correlation has climbed to about 0.55, the highest in nearly six years, while Bitcoin’s volatility stands at 36.2% compared with 25.3% for gold. That makes Bitcoin just 1.43 times as […] The post Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges appeared first on CryptoSlate.
Key Takeaways
- Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship.
- Their 90-day correlation has climbed to about 0.55, the highest in nearly six years, while Bitcoin’s volatility stands at 36.2% compared with 25.3% for gold.
- That makes Bitcoin just 1.43 times as […] The post Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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