Correlation between Gold and BTC Market Share:
1. Gold is the gold standard of dollar assets and a safe-haven asset; while BTC is the currency standard of crypto assets and a safe-haven asset within the crypto space, the logic is consistent.
2. Since May 2021, the trend of gold and BTC.D has been almost identical, with gold falling, BTC.D falling, and altcoins rising.
3. Gold shows signs of a weekly top, which will lead to more funds turning to embrace risk assets and altcoins!