Bitcoin has been moving in unusually close step with both the Nasdaq and gold, BigGo Finance reports, citing CryptoQuant analysis putting Bitcoin's 90-day correlation at 0.42 with the Nasdaq and 0.51 with gold, a three-way co-movement seen in only about 11% of the past 12 years. In past phases like this the dollar weakened, but this time a strengthening dollar amid Federal Reserve tightening could weigh on Bitcoin. Gold investor Peter Schiff said he was surprised by Bitcoin's resilience versus gold, while maintaining it will eventually hit new lows.
- +1 (408) 639 5793
-
Fully insured Shipping
-
Pick Up in Store
