Report: Increased correlation between Bitcoin, Gold and S & P 500

According to the latest report from Coin Metrics, the correlation between Bitcoin and gold measured in the past 30 days is currently at the highest level in history. In addition, according to market observer Santiment, Bitcoin, gold and S & P 500 showed a positive correlation. This is worth noting because this is the first time in 2020 that the three have climbed up simultaneously. In addition, the correlation between gold and S & P exceeds the correlation between BTC and gold.