Bitcoin’s (BTC) correlation with gold has reached one of its highest levels in recent years, while its relationship with technology stocks has weakened significantly. According to data cited in The Kobeissi Letter, based on an analysis by Bitwise Asset Management using Bloomberg data, Bitcoin’s 90-day moving average correlation with gold has risen to approximately +0.50.
El Salvador’s President Nayib Bukele denied a report by El País claiming the government had transferred control of its state Bitcoin reserves, exceeding 7,763 BTC, to a private operator. Bukele’s objection is based on an interpretation of the wording in the International Monetary Fund’s (IMF) recent statement regarding El Salvador. According to the IMF, the
Bitcoin [$BTC] has been on the higher side over the past couple of days, with the asset teasing a potential move past the $80,000 region on the chart. The case is that the price continues to hover around this region with no definitive push. What market participants do at this level remains crucial to understanding
As the crypto tokens saw fresh rallies in August 2026, the ETF market was no exception. Carrying ahead this bullish sentiment. Spot Bitcoin [$BTC] ETFs recorded $730.8 million in net inflows on the 3rd of September, the strongest single-day inflow since the 14th of January. On this day, BlackRock’s IBIT alone absorbed about $454 million,