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Bitcoin Gold Correlation Hits 3-Month High

The relationship between bitcoin and traditional safe-haven asset gold has risen to a three-month peak as fresh capital in both begins to slow. Prices for bitcoin and the yellow metal have declined week over week since Feb. 1, while traditional equities — reflected in the S&P 500 — continue their uptrend. Both assets experienced a surge in January before enduring a slowdown in February — a month in which interest rate expectations increased following a robust US jobs report. (Blockworks)

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