Home » Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

Bitcoin Moves Closer to Gold as US Debt Revives Debasement Trade

This post was originally published on this site.

Bitcoin is behaving less like a technology stock and more like gold as its correlations shift sharply, according to Grayscale. Rising U.S. debt and renewed fiscal concerns are also bringing the debasement trade back into focus. Bitcoin’s Correlation Shifts From Nasdaq Toward Gold Bitcoin’s relationship with traditional assets is changing as investors increasingly treat the […]
bitcoin
Bitcoin (BTC) $ 77,462.00
ethereum
Ethereum (ETH) $ 2,434.61
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.38
bnb
BNB (BNB) $ 687.65
dogecoin
Dogecoin (DOGE) $ 0.084439
solana
Solana (SOL) $ 103.54
usd-coin
USDC (USDC) $ 0.999985
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
avalanche-2
Avalanche (AVAX) $ 7.28
tron
TRON (TRX) $ 0.337893
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
sui
Sui (SUI) $ 0.739455
chainlink
Chainlink (LINK) $ 11.33
weth
WETH (WETH) $ 2,268.37
polkadot
Polkadot (DOT) $ 0.839003