đ Bitcoin and Gold Show Diverging Trends Over the Past Year đ°đ
According to Odaily, in the last 12 months, global markets have surged by 28%, with both Bitcoin and gold benefiting from the bullish trend. đ However, while gold is at its all-time high, Bitcoin still lags 6% below its peak. đđ Notably, the correlation between Bitcoin and gold has dramatically shiftedâfrom over 50% four years ago to almost 0 today. đâïž
Back in October 2020, Bitcoin's 90-day rolling returns had a 50% positive correlation with gold's returns, but now, Bitcoin trades entirely independently. đ Currently, the 90-day correlation stands at just 0.04, showing that gold's average returns have little to no influence on Bitcoinâs performance over the same period. đčđ
#MemeCoinTrending #USRetailSalesBoost #WhichMemeCoin? #BTCSoarsTo68K #SCRSpotTradingOnBinance
