Last week saw gold behave as a safe haven asset vs BTC and indexes
Directionally the stock market and BTC moved in lockstep last week as the Russian invasion of Ukraine escalated. Meanwhile, gold saw strength.
Feb 28th 2022
Source: Tradingview
Bitcoin has followed the stock market closely for a long while, evident by the 60-day correlation reaching new all-time highs recently.
Last week’s market was no exception, with both bitcoin and various stock indexes seeing a sharp correction on Thursday amid the invasion before recovering on Friday.