Bitcoin-Gold Correlation Turns Negative: What It Means for BTC Price Action

The post Bitcoin-Gold Correlation Turns Negative: What It Means for BTC Price Action appeared first on Coinpedia Fintech News Bitcoin’s 30-day correlation with Gold has plunged to -0.53, according to Glassnode. This marks a significant shift in market behaviour, with BTC price moving in the opposite direction of Gold more often than not. The data highlights how investors are currently positioning Bitcoin as a risk-on asset, decoupling it from the traditional safe-haven narrative. This …