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Bitcoin 30-Day Correlation To Gold Drops – Macro Shift Or Noise?

Bitcoinist LogoBitcoinist1d ago

Bitcoin 30-Day Correlation To Gold Drops – Macro Shift Or Noise? - Bitcoinist

Quick Summary:

Bitcoin saw a sharp reversal on Sunday, surging to $107,000 before retracing over 4% in just a few hours — a classic fakeout that has left the market shaken.

This indicates that although Bitcoin still shares medium- to long-term behavioral patterns with gold, its short-term performance is increasingly driven by crypto-native market forces and speculation.

The 200-day SMA at $92,801 and the EMA at $88,469 offer deeper structural support, but bulls will aim to defend the psychological $100K mark to maintain momentum.

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Bitcoin 30-Day Correlation To Gold Drops – Macro Shift Or Noise? - Bitcoinist (Picture 1)Bitcoin 30-Day Correlation To Gold Drops – Macro Shift Or Noise? - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 21:00:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 60 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28853009

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 19 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin 30-Day Correlation To Gold Drops – Macro Shift Or Noise?" was covered 1 days ago by Bitcoinist, a news publisher based in Hungary.

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