Bitcoin24h $85,881.94+5.71%

Ethereum24h $2,762.96+5.33%

BNB24h $798.62+5.22%

XRP24h $1.49+6.72%

Solana24h $117.73+7.79%

TRON24h $0.3449+0.15%

Zcash24h $1,496.47+3.46%

Hyperliquid24h $92.81+0.29%

Dogecoin24h $0.0965+11.66%

Monero24h $568.36+4.48%

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.

CHART: Value of Tesla’s BTC holdings have fallen by two-thirds

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.

Solana has survived until its sixth birthday. Given how many outages and hacks its blockchain experienced, that feat is remarkable.

Technical analysts are absolutely convinced that BTC has a predictable four-year price cycle that can be profitably forecasted.