Bitcoin and gold surge in Q1 2024, showcasing strong investor correlation

Bitcoin and gold surge in Q1 2024, showcasing strong investor correlation
фото показано с : cryptoslate.com

2024-3-28 18:00

Quick Take

Bitcoin, frequently dubbed “digital gold” and traditional gold, showcased impressive performance throughout Q1 2024. Bitcoin has surged over 60%, trading above $70,000 and nearing its all-time high of approximately $73,500. Similarly, gold has gained over 7%, trading at over $2,200, close to its record high.

Notably, the correlation between Bitcoin and gold over five years has reached 0.88, one of the strongest correlations between the two assets. This high correlation suggests that investors treat the two as similar safe-haven assets.

BTCUSD, XAUUSD: (Source: TradingView)

Gold ETFs have seen inflows in the past week, reversing earlier 2024 outflows, per BOLD.report. This trend shift, potentially spurred by Bitcoin ETFs’ success, now suggests investors are realigning investments attracted by gold’s peak values.

Gold ETF Inflows: (Source: bold. report)

As Bitcoin and gold continue their impressive runs, their strong correlation emphasizes their parallel roles in investors’ portfolios as alternative investment options.

The post Bitcoin and gold surge in Q1 2024, showcasing strong investor correlation appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Golos Gold (GBG) на Currencies.ru

$ 0.0077733 (-2.90%)
Объем 24H $0
Изменеия 24h: -17.51 %, 7d: -17.17 %
Cегодня L: $0.0077733 - H: $0.0095975
Капитализация $99.238k Rank 999999
Доступно / Всего 12.767m GBG

bitcoin gold 2024 trading above surged all-time

bitcoin gold → Результатов: 126


Binance обязала клиентов вывести активы в Monero, Bitcoin Gold и нескольких других криптовалютах

Крупнейшая криптовалютная биржа мира Binance заявила, что клиенты смогут вывести криптовалюты Monero, Multichain, Bitcoin Gold и некоторые другие исключенные из листинга активы до 1 сентября 2024 года включительно.

2024-8-13 12:58


Фото:

Bitcoin market cap nears 10% of gold as institutional interest soars – Incrementum report

Quick Take A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts.

2024-5-23 18:50


Bitcoin Emerges As the King Of Assets,10X Growth Over Gold During US Banking Crisis

Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis.

2023-4-29 23:00