Bitcoin Decouples From Gold: 'Investors Leaning Towards Traditional Safe-Haven Assets,' CryptoQuant Signals

On-chain analytics provider CryptoQuant pointed out an emergent negative correlation between Bitcoin (CRYPTO: BTC BTC - $62942.050 and gold, indicating a risk-averse market. What Happened: The analytics firm stated that as gold prices hit record highs, Bitcoin prices have been on a downward trend.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-13 16:53:02 GMT.

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Price & Market Data

Price: $62942.050

Volume 24h: $43,690,657,711.79

Market Cap: $1,243,501,201,425.51

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 63,126.50068882 USD and is up 4.91 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,776,767,928.81 traded over the last 24 hours. More information can be found at https://bitcoin.org/.