The correlation between bitcoin and gold has turned sizably damaging of late, based on CryptoQuant, with gold not too long ago pushing to new document highs above $2,500 per ounce whereas bitcoin has been declining and now sits greater than 20% under its all-time excessive above $73,000 from March. The transfer into gold and out of bitcoin has come as U.S. shares have struggled, with the S&P 500 slipping 3.6% since August 30.
