Bitcoin and Gold Correlation Reaches 5-Month Peak Ethereum’s Position Unclear

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The precious metal charted another all-time high against the dollar at $2,670 today.

Bitcoin’s correlation with one of the oldest and arguably the safest investment instruments, gold, has risen to a five-month peak, according to data from IntoTheBlock.

At the same time, Ethereum’s numbers point to precisely the opposite, even though ETH is supposed to be ultra-sound money following some of its updates in the past few years.

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