Correlation between Gold and BTC Market Share
1. Gold is the gold standard for dollar assets and a safe-haven asset; while BTC is the currency standard for crypto assets, a safe-haven asset within crypto, the logic is consistent.
2. Since May 2021, the trends of gold and BTC.D have been almost identical; when gold falls, BTC.D falls, and altcoins rise.
3. Gold shows signs of a weekly top, which will lead to more funds embracing risk assets and altcoins.
