Coinbase and Wintermute Release Key Analyses: “The Balance is Shifting in the Bitcoin-Gold Equation! This Week’s Focus Will Be This Level!”
Key Highlights: Bitcoin has risen over the past month while gold has declined, despite their 90-day correlation approaching a record high. Coinbase Institutional said marginal investment demand is favoring Bitcoin even as interest rates remain elevated. Wintermute identified $82,500 as Bitcoin’s critical level this week after the cryptocurrency closed above its 50-week moving average for ...