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CryptoNewsZ 2022-10-04 09:45:14

Bitcoin’s Correlation with Gold Price Hits Yearly High



Bitcoin and Gold reached a monthly average correlation of 70%, which is an all-time high. The previous peak was 60%, which was reached earlier in the second quarter of 2020. It indicates that investors treat Bitcoin as an asset like gold, and it has a store of value for the long term, especially during economic …
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