Bitcoin and gold correlation hits nearly six-year high on bond selloff
Bitcoin and gold tracked more closely during the latest U.S. bond market selloff. Bitwise data shows their 90-day correlation near a six-year high as longer-dated Treasury yields moved higher.
Bitcoin and gold moved more closely together during the latest bond market selloff, with their 90-day correlation reaching a nearly six-year high, according to data from Bitwise.The correlation rose after yields on longer-dated U.S.
Treasurys moved higher and Treasury Secretary Scott Bessent increa…