Sometimes Bitcoin and Gold are corelated as a "flight-to-safety- assets" Along bitcoin history these correlations were Strong This may be the last leg down for Altcoins and bitcoin in this macro cycle Shake-outs are normal at these moment in time -many macroeconomists predict major volatility incoming in the following months into the stock market and also risk assets
Note
we can see the correlation here. bitcoin is lagging gold for many reasons
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