Bitcoin has finally cut the 0 short-term correlation between Bitcoin and gold has now gone negative, sitting at -0.53 over 30 days, according to Glassnode. It’s a clean 1 the longer timeframe, the 365-day correlation still shows a weak positive link at 0.65, but that short-term shift is 2 means the two assets are no longer moving in 3 gold sits frozen just under record highs, Bitcoin is consolidating and dragging in buyers under $111,100. That level is being eaten up by 4 Bitcoin pushes above $114,100, the market could be staring down the next resistance band at $118,000. Gold, on the other hand, isn’t moving much.
It’s just chilling around $3,623 an ounce, barely 5 popped above $3,674 on Tuesday, but that didn’t 6 happened after a revision in payroll data came out, showing a massive drop of 911,000 jobs, a 7 everyone’s waiting on the next inflation 8 Federal Reserve is set to decide policy next week, and those prints dropping on Wednesday and Thursday will shape what they 9 are already betting on rate 10 one’s certain, but the cracks are 11 pushes tariffs, Israel strikes, and gold holds steady Gold isn’t just dancing around because of rate 12 geopolitical mess is heavy 13 Tuesday, Israel launched a military strike in Doha, targeting senior Hamas 14 hasn’t happened 15 the same time, Donald Trump, speaking to European leaders, said he’s ready to slap new tariffs on China and India, but only if the EU does it 16 goal?
To pressure Putin into negotiations over 17 layers of risk are part of why bullion is up almost 40% this 18 central banks buying and ETF flows, gold has had a 19 Sachs and others still expect more gains if the Fed cuts rates. Meanwhile, institutional adoption is moving 20 leader of the pack is Strategy, formerly MicroStrategy, which flipped their entire model back in 21 Saylor called cash dead and swapped the company’s reserves into 22 now hold 607,770 BTC , bought at an average of $71,700. With Bitcoin trading around $119,500, their holdings now sit above $72 23 their stock? It’s up 3,700% in five years, even outperforming Bitcoin itself.
Strategy’s solo run didn’t 24 May last year, Metaplanet jumped 25 Japanese company copied the playbook and now holds 17,132 BTC, worth just under $2 26 there’s Capital B, previously called The Blockchain Group in 27 raised money through Bitcoin-denominated debt, used that to buy more BTC, and built their balance sheet around digital assets, with no fiat in 28 guys are going all 29 others took the simple 30 and Nakamoto raised money, turned it straight into crypto, and now just sit on 31 don’t have a traditional business 32 stock price is tied directly to the value of their 33 to be clear, that comes with some serious 34 markets crash, they have nothing else to rely on.
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