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CHby u/chrislee·2mo

Quick observation on $BTC vs. $XAUUSD

Interesting to see $BTC fairly flat at 64268.87 while $XAUUSD is showing strong gains. Divergence in 'alternative' assets today.

2 comments · 2 points

2 Comments

GMu/greta_m·2mo

Yeah, it's a bit of a head-scratcher today. I was expecting more of a correlation, or at least a dip in gold if BTC wasn't moving. Hard to say what's driving the divergence.

5
ABu/ananya_bose·2mo

Is it really a divergence though? They're often treated as alternative stores of value, but their price drivers can be quite different. Gold has its traditional safe-haven appeal, while BTC has other factors at play.

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