Bitcoin’s (BTC) 52-week correlation with gold reached zero for the first time since mid-2022 and may turn negative by the end of January. Key takeaways: In the past four comparable instances, Bitcoin ...

Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.

The fascinating aspect to the latest price move in gold is that it’s occurring with positive correlation to the S&P 500, as opposed to the negative correlation that gold had with equities for the last ...