Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote.
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote.
Original source
Read on CointelegraphRelated market context
Tether’s Brief Overtaking of Ether in Value Signals Crypto Market Stress
USDT briefly surpassed Ether in market cap last weekend, signalling investor flight to safety amid Bitcoin's worst week since FTX...
THE THIRD RUSH: Where is the “Bitcoin” of the Ai Goldrush?
After months of deep thinking & a lot of discussions with some very smart people, I’ve decided to write an article for the first t...
Switzerland’s World Cup stumble highlights growing gap between major sports events and crypto engagement
The diminishing crypto presence at major sports events may signal a shift in sponsorship dynamics and fan engagement strategies. T...
Coinbase: Gold and Silver Futures Now Trade 24/7 in the US
Coinbase CEO Brian Armstrong announced on June 13 that gold and silver futures are now trading around the clock in the United Stat...
Investors lose over $200M on American Bitcoin shares while Eric Trump’s stake holds at $70M
The disparity in losses highlights the risks retail investors face in celebrity-backed ventures, emphasizing the need for cautious...
BlackRock investors seek to redeem 13% of private-credit fund shares in Q2
Investor confidence in private credit funds is waning, prompting potential liquidity challenges and calls for greater transparency...