Most Cryptos Correlated with Stocks, Not with Gold
Correlated Cryptos

Most Cryptos Correlated with Stocks, Not with Gold

Source: Adobe/Paul FleetBitcoin (BTC) had no positive correlation with the traditional inflation hedge gold during the past 60 days, and has instead developed a weak positive correlation with the US stock market, a new report from the crypto-focused financial services firm BitOoda has found.The correlation between the largest cryptocurrency and the S&P 500 stock index…