Bitcoin

<p>In a significant development, gold is again in the leading position in the market as Bitcoin has decoupled from it. As per CryptoQuant, a famous on-chain analytics platform, the latest disparity between <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> and gold signifies a shift in the correlation between the two assets, especially amid inflationary pressures or economic uncertainty. The on-chain analytics provider offered insights into this scenario in its exclusive social media post.</p><p>Earlier, BTC and Gold’s prices behaved similarly however BTC has not followed the current upward trajectory of gold. Gold has recently notched a record high making $2,700 possible in the longer run.</p><h2 id="header-0">Bitcoin’s Decoupling from Gold Signifies Investors’ Inclination to the Precious Metal</h2><p><a href="https://cryptoquant.com/" rel="noopener noreferrer nofollow">CryptoQuant</a> mentioned that the recent trends in the market indicate a deviation in the price movements of gold and Bitcoin. Though gold has touched record highs, the price of Bitcoin has witnessed a huge decline, mirroring a negative correlation. The respective decoupling denotes the increasing risk aversion among the investors.</p><p>In this respect, they are inclined toward conventional assets such as gold in comparison with Bitcoin. Gold has a centuries-long historical status as a store of value. It has always been beneficial during a crisis. On the other hand, irrespective of the increasing adoption and popularity of Bitcoin as digital gold, the asset is considered volatile and speculative by many.</p><h2 id="header-1">Gold Futures See an Exclusive Record High Resulting from Waning USD and Decreased Treasury Yields</h2><p>In the case of gold, an exclusive record high was made by the gold futures on Friday. The decreased Treasury yields as well as a waning USD have contributed a lot to this development, boosting the demand for gold. December gold futures jumped by $26.20 (1.02%), touching $2,607 per ounce in the case of the exchange COMEX.</p>

Bitcoin Decouples from Gold as Investors Seek Safety in Traditional Assets

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