📊 **Market Insight**: Following the approval of the Bitcoin spot ETF, Decrypt cites CoinGecko data to report an increasing correlation between the prices of Bitcoin and gold. The correlation coefficient ranges from 1 to -1, with higher values indicating a positive correlation (similar price movements) and lower values indicating a negative correlation (opposite price movements). Currently, the BTC and gold correlation stands at 0.76, nearing the all-time high of 0.79. 🪙📈 #CryptoMarketAnalysis 🌐📉