Bitcoin’s 90-day correlation with gold hits nine-year high
BTC's 90-day correlation with gold has reached a multi-year high as the US Treasury’s QE Lite announcement reunited debasement traders.
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BTC's 90-day correlation with gold has reached a multi-year high as the US Treasury’s QE Lite announcement reunited debasement traders.
Read more (2 min) →The total value of Tesla's BTC holdings have fallen by approximately two-thirds since 2021, despite BTC appreciating by more than 30%.
BTC closed March at $68,221, snapping a five-month losing streak by the slimmest of margins. It opened the month at $67,000.
Technical analysts are absolutely convinced that BTC has a predictable four-year price cycle that can be profitably forecasted.
There are some technical analysts who believe an offset chart of M2 global money supply can somehow predict BTC prices.
Since the Trump inauguration, crypto assets have shed a combined $800B from their market cap while BTC has lost nearly one-third of its value.
On 13 separate days this calendar year, bitcoin has opened above and then dipped below the psychologically important $60,000 level.