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Bitcoin and Gold Prices Are Less Correlated Today Than Ever

Four years ago, Bitcoin and gold had a strong correlation of over 50%, but today it has dropped to nearly zero. In the last year, Total World Indices have skyrocketed by 28%, and both Bitcoin and gold are experiencing impressive gains. While many might think these two assets are closely related, the reality tells a different story. Gold is currently at an all-time high, but Bitcoin is about 6% lower than its peak. Interestingly, the correlation between these two has dropped significantly. Four years ago, Bitcoin and gold had a correlation value of over 50%, meaning they often moved together. Today, that figure has plummeted to nearly zero. https://shrinkforearn.xyz/Yllix Earnmoney shrinkforearn A closer look at the numbers reveals that bitcoin’s 90-day correlation with gold stands at just 0.04. This means that gold’s average returns have little to no effect on bitcoin’s performance. For example, back in October 2020, bitcoin had a 50% correlation to gold’s retu...

Crypto Miners In Action As BlockDAG Miner Sales Hit $5.2M! Alongside ADA’s Legal Breakthrough & OKB’s Rising Price

The crypto market is evolving through complex legal challenges. Recent news about Cardano (ADA) introduced a legally binding smart contract, starting a new chapter for legal integration with blockchain. At the same time, the expected price for OKB is looking up, indicating growth as it nears important resistance levels. This points to possible big gains in the altcoin market. In this setting, BlockDAG (BDAG) is catching the eye of miners and traders. Sales of BlockDAG miners have jumped to $5.2 million, with total presale funds nearing $100 million. This intense interest has made BlockDAG one of the leading cryptocurrencies, with $99 million in presale just in October. OKB Approaches Important Price Points with Market Hopeful OKB is getting noticed for its price climbing higher. Having crossed a major resistance point, the price forecast for OKB is now more hopeful, suggesting wider growth in the altcoin market. OKB’s price has increased by nearly 20% r...

crypto com review reddit

crypto com reddit best crypto to buy right now reddit itrustcapital reddit best crypto to buy reddit crypto com review reddit Crypto.com has gained popularity as a comprehensive platform for cryptocurrency enthusiasts, offering a range of products including a crypto exchange, Visa rewards card, NFT marketplace, and the Cronos (CRO) token ecosystem. While generally favored for its breadth of features, opinions on Reddit and other forums reveal both positive and negative aspects of the platform that are worth considering. Features and Benefits Crypto.com appeals to users with its extensive offerings, including access to over 350 cryptocurrencies, an interest-earning feature (Crypto Earn), and the popular Crypto.com Visa card, which offers up to 5% cashback in CRO tokens. Its app is convenient for beginner and intermediate investors alike, allowing easy purchasing, trading, and staking of various assets. Additionally, users can trade NFTs and st...

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