Feb 28th 2022
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.
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.