Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low

“This displays BTC’s rising correlation with macro inventory indices in addition to its current conduct as a threat asset somewhat than a store-of-value, and factors to cost turbulence forward as markets digest the affect of additional inflation and liquidity withdrawals,” Noelle Acheson, head of market insights at CoinDesk’s sister concern Genesis World mentioned.

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