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Bitfinex Highlights Parallel Bitcoin and Gold Declines Since September

The analysis put each decline at about 7% and separately noted that neither asset pays interest. Bitfinex said rate-hike expectations can challenge both.

By Enna Lee
Published
Mentioned assets
An unmarked brass token and gold ingot angle down parallel tracks. / TokenPost.ai
An unmarked brass token and gold ingot angle down parallel tracks. / TokenPost.ai

Bitcoin (BTC) and gold each fell about 7% since late September, a parallel move Bitfinex highlighted in a discussion that also addressed expectations for higher interest rates.

The analysis noted that neither asset pays interest. Bitfinex said both can face challenges when rate hikes are expected.

Their correlation reached its highest reading in data dating to 2014.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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