BTC/gold correlation with equities and tokenized stock pushback
Bitcoin and gold are now 60-70% correlated with the S&P, BTC trades at a 61-day discount on Coinbase, and major issuers are opting out of tokenized trading.
What we know
An account on X says both assets joined the risk-off move. @CoinbaseMarkets notes the 61-day Coinbase discount. Another account on X RTs that 67 issuers, including Palantir and Meta, have objected to tokenized trading of their shares.
Sources
@CoinbaseMarkets
“$BTC has traded below the global price on Coinbase for 61 straight days”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.