✉news BusinessCrypto first seen 10 h ago, last 2 h ago, peak #6
Bitcoin Now Moves With Stocks, Dollar and Gold Alike
Original: Bitcoin Is Tied to Stocks, the Dollar and Gold at Once, and This Time the Dollar Is Rising
Bitcoin is showing correlations with stocks, the US dollar and gold simultaneously, according to market analysis by CryptoQuant. Analysts note that this time the dollar is rising alongside these links, an unusual combination that complicates bitcoin's usual role as a hedge or risk asset. Traders are watching how the cryptocurrency behaves as macro forces pull it in different directions at once.
Why now: Bitcoin's shifting correlations with major assets during a rising dollar are challenging assumptions about how the cryptocurrency trades.
BitcoinCryptoQuantUS dollargoldstock market
Rank over time, top of the chart is #1. 7 snapshots from 10 h ago to 2 h ago.
Evidence
- Bitcoin Is Tied to Stocks, the Dollar and Gold at Once, and This Time the Dollar Is Rising · CryptoQuant
API: https://socialmediatrends-api.osmike.com/v1/trends/1890745