Bitcoin Value (BTC) Decouples From Gold

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.