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#BTCGoldCorr+0.50

Q: What is BTCGoldCorr+0.50?

BTCGoldCorr+0.50 is Bitwise, using Bloomberg data, puts the 90-day rolling correlation between spot Bitcoin and gold at about +0.50 as of Aug 31, near 2020 highs and only the second break above 0.5 since 2015. BTC's 90-day correlation with the Nasdaq slipped to roughly 0.30, a one-year low. Kobeissi Letter notes the move accelerated after Treasury said on Aug 19 it would at least double long-bond buybacks. Spot BTC ETFs drew $986.7M this week. CryptoQuant shows 5-year holders spending 1,500 BTC on a 90-day average.. Follow this topic on OKX Orbit for the latest community posts and token insights.

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About BTCGoldCorr+0.50

Bitwise, using Bloomberg data, puts the 90-day rolling correlation between spot Bitcoin and gold at about +0.50 as of Aug 31, near 2020 highs and only the second break above 0.5 since 2015. BTC's 90-day correlation with the Nasdaq slipped to roughly 0.30, a one-year low. Kobeissi Letter notes the move accelerated after Treasury said on Aug 19 it would at least double long-bond buybacks. Spot BTC ETFs drew $986.7M this week. CryptoQuant shows 5-year holders spending 1,500 BTC on a 90-day average.

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#BTCGoldCorr+0.50

About BTCGoldCorr+0.50

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