Cryptocurrency Q&A
What is the correlation between Gold & Bitcoin?
What is the correlation between Gold & Bitcoin?
Alessandro
Sat Dec 21 2024
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5 answers
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I'm interested in understanding the relationship between Gold and Bitcoin. Are they positively or negatively correlated? Do they move in the same direction when it comes to market fluctuations, or do they behave independently?
5 answers
SsangyongSpiritedStrengthCourage
Mon Dec 23 2024
Conversely, gold's price has a negative correlation of 11% with the US dollar during the same timeframe.
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Raffaele
Mon Dec 23 2024
The discussion at hand revolves around the pricing in US dollars.
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GeishaMelody
Mon Dec 23 2024
Additionally, gold's price demonstrates a strong positive correlation with the CAC 40, a French stock market index, at 56%.
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ZenHarmony
Mon Dec 23 2024
When it comes to gold, the precious metal's price exhibits a significant long-term correlation with various financial indicators.
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HallyuHeroLegendaryStarShine
Mon Dec 23 2024
Specifically, gold's price has a positive correlation of 62% with Bitcoin over the studied period.
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