Mmastodon BusinessCrypto first seen 4 h ago, last 3 h ago, peak #4
Bitcoin-gold correlation nears record high as returns diverge
Original: 📊 # Coinbase y # Wintermute : la correlación # Bitcoin / # oro roza su récord histórico, pero los retornos divergen. $BT
Analysis from Coinbase and Wintermute shows the correlation between Bitcoin and gold is approaching its historic peak, even as the two assets' returns move apart. Bitcoin is rising while gold falls, and the 10-year US Treasury yield has climbed above 5%. Analysts suggest marginal demand currently favors Bitcoin over the traditional safe-haven metal.
Why now: Bitcoin's tightening link with gold amid diverging returns and rising bond yields is drawing attention from crypto market analysts.
CoinbaseWintermuteBitcoingold10-year US Treasury
Rank over time, top of the chart is #1. 2 snapshots from 4 h ago to 3 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/462943