Most Cryptos Correlated with Stocks, Not with Gold - Analysts
Bitcoin (BTC) had no positive correlation with the traditional inflation hedge gold during the past 60 days, and has instead developed a weak positive correlation with the US stock market, a new report from the crypto-focused financial services firm BitOoda has found. The correlation between the largest cryptocurrency and the S&P 500 stock index stood at 22% for the past 60 days, according to the report…. Read More: Most Cryptos Correlated with Stocks, Not with Gold - Analysts…
Continue reading on https://cryptonews.com/news/most-cryptos-correlated-with-stocks-not-with-gold-analysts.htm