On-chain data suggests Bitcoin is no longer being used as electronic cash by its userbase as the token’s circulation has seen a steep drop. Bitcoin ‘Velocity’ Has Plunged To Historical Lows Recently As explained by CryptoQuant founder and CEO Ki Young Ju in a post on X, Bitcoin’s circulation has recently slowed down. The on-chain […]
Data shows the relationship between Bitcoin and Gold has been growing deeper recently as their 60-day correlation has been riding an uptrend. Bitcoin Has Been Becoming Increasingly Correlated To Gold Recently In a new post on X, Kaiko has discussed about the latest trend taking place in the correlation for Bitcoin and Gold. The “correlation” […]