Archive: ai bubble
Bitcoin Decouples From Stocks, Moves Closer to Gold
By Vin Narayanan on June 2, 2023
Crypto Market Musings It’s been a relatively calm week for crypto. Bitcoin is up 1.73% over the last seven days as of this writing. Ethereum is up 3.54% over the same period. Monero is down 1.93%. Crypto has largely decoupled from the Nasdaq and the S&P 500 and become more correlated with gold. The charts below show bitcoin (dark blue line) moving out of sync with the stock markets and more in sync with gold. BTC…