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Gold and Bitcoin Decouple. What's Driving the Divergence?
From November 2022 to November 2024, gold and bitcoin moved in a relatively tight correlation, with gold gaining 67% while the more volatile bitcoin surged nearly 400%. Analysts widely believed that the two assets would continue to move in tandem, given their shared status as hedges against weak global currency policies. However, this relationship began to fray in 2025. As of late March, gold has risen 16%, while bitcoin has fallen by more than 6%. To understand this divergence, it is essential to examine the distinct factors influencing each asset. Bitcoin's meteoric rise over the past three years can be attributed ... (full story)