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TechFlow News: On March 18, CryptoQuant posted on social media stating that the correlation coefficient between Bitcoin and gold has dropped to -0.88, reaching its lowest level since November 2022. This indicates a strong negative correlation between the two assets: capital flowing into Bitcoin has driven its price up to $74,000, while gold has experienced a slight decline.
CryptoQuant posted on social media that the correlation coefficient between Bitcoin and gold has dropped to -0.88, hitting a new low since November 2022. This indicates a strong negative correlation between the two assets: capital flowing into Bitcoin has driven its price up to $74,000, while gold has seen a slight decline.
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