Bitcoin-Gold Correlation Hits Nearly Six-Year High As BTC Breaks From Tech Stocks - TradingView
Bitcoin-Gold Correlation Hits Nearly Six-Year High As BTC Breaks From Tech Stocks - TradingView
Source: TradingView
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DW NOTE
The correlation peaked the week Bitcoin dumped 14% alongside every other scarce asset. Gold is down 16% from its January high, Bitcoin is down 27% from March. When both assets fall in tandem because the Fed is tightening into a supply shock, that's not a flight to safety — it's a liquidity crunch wearing a diversification costume.