Oil Prices Have Shown A Solid Inverse Correlation With Bitcoin Since November, The Price Of Oil May Be A Better Gauge Of Economic Health Than Stocks

Oil and Bitcoin (BTC) now exhibit a strong inverse correlation as shown in the below chart, meaning that when oil goes up Bitcoin (BTC) goes down, and when Bitcoin (BTC) goes up oil goes down. As will be explained in this article, this inverse correlation is related to Bitcoin’s (BTC) use as a safe haven… Read more

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