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New Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think

[ad_1] Bitcoin’s (BTC) classification has been a controversial and difficult topic for crypto-enthusiasts, investors, and regulators to reach a consensus on. The digital asset has been compared to a currency, a commodity, an investment asset or even said to have no underlying value. However, from the perspective of regulators, Bitcoin has been mostly associated and studied as a commodity, especially in relation to gold. In fact, many times Bitcoin is
BUY/SELL

Bitcoin Price Ready for Next Move Up After Rebound Above $8,000

[ad_1] On Friday Bitcoin (BTC) price reclaimed $8,000 as bulls appear to be setting their sights on a second go at the weekly high at $8,473. Earlier in the week, crypto-media speculated that the price run-up to $8,473 was fuelled by fear of a war breaking out between the United States and Iran.Then, as the price pulled back after U.S. President Donald Trump declined to further escalate the situation, analysts