A 4-Month High Bitcoin-Gold Correlation Hints at a Bullish Market Sentiment – Bitcoinist.com

The correlation between Bitcoin and its traditional rival Gold reached a four-month high on July 22. At the same time, the cryptocurrency’s correlation with the S&P 500 index plunged to its one-month low. The readings appeared as the US 10-year Treasury real yield sank to a record low last seen in 2012.
The proximity between Bitcoin and Gold is growing as investors look for havens against an underperforming US bonds market.
A report fetched by Skew, an on-chain analysis platform, shows that Gold…

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