Data show that monthly and annual correlations between bitcoin and gold have pulled back

According to AMBCrypto news, Skew data shows that by observing the monthly correlation between Bitcoin and gold, after reaching a high level of 53.4%, the correlation between price fluctuations between the two assets has begun to pull back since early March. In the past few days, its correlation has almost halved to 33.6%. From a longer perspective, since the lowest point of -3.6% was reached in June 2018, despite the ups and downs in the middle, the annual correlation between the two has been increasing, of which it reached a high of 11.5% on March 5. . However, in the past two days, the correlation coefficient has dropped to 10.2%.