Bitfinex Analyzes Bitcoin and Gold Price Movement as Hikes
Photo: Coinfomania
Bitfinex discusses Bitcoin and gold's price correlation amid looming rate hikes. Here's why this matters for traders. Bitfinex highlights BTC and gold's drop of about 7% since late September. Markets currently price a 72% chance of a December interest rate hike. Bitfinex recently highlighted the correlation between Bitcoin and gold, both experiencing a decline of about 7% since late September. This observation is significant as both assets typically struggle during periods of expected interest rate hikes. With markets pricing in a 72% chance of a hike in December, the implications for traders and investors are noteworthy.
Source: Coinfomania
