Data show: Bitcoin and gold's positive correlation hits 14-month high

According to the AMBCrypto report, due to the tension of the new crown pneumonia epidemic, the safe-haven characteristics of Bitcoin and gold are being highlighted, and their positive correlation hit a 14-month high. Skew data shows that the one-month correlation between Bitcoin and gold is currently + 40.7%, and the correlation at the beginning of the year is -37%. This connection came after the two had similar macroeconomic performance in 2019, and after the shock of the political and economic situation in countries such as Argentina and Venezuela, the two assets showed similar trends. From June to September last year, the correlation between the two changed from -40% to + 37.6%.