Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

10/07/2025

Can Bulls Hold $108K As Momentum Stalls?

10/07/2025

Crypto VC funding drops 22% in Q2 despite strong June finish

10/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025

    Crypto Trader Unveils ‘Absolute Worst-Case’ Scenario for Bitcoin As BTC Struggles To Clear $110,000

    10/07/2025

    Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote

    10/07/2025

    Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX

    10/07/2025

    Ethereum (ETH) Price Prediction for July 5

    08/07/2025

    Bitmine rallied to over $135 after announcing ETH treasury

    08/07/2025

    92,873 Ethereum in 10 Minutes, What’s Going On?

    08/07/2025

    What to Expect for Bitcoin (BTC) and Ethereum (ETH) in July? Will There Be a Big Rise? Analyst Explains!

    08/07/2025

    Pump.fun sends $22m worth of SOL to Kraken: what’s behind the move? 

    10/07/2025

    600 Million Dogecoin in 48 Hours: What’s Going On?

    10/07/2025

    We Are Entering a Critical Week, Even Trump Has Warned – Numerous Economic Developments and Altcoin Activity Expected – Here Is the…

    09/07/2025

    Here’s What to Watch for in Altcoins in the New Week

    09/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Boxed Memecoins as Collectible Toys

    09/07/2025

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    09/07/2025

    Hype fades as NFT platforms lose users

    09/07/2025

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025

    Crypto VC funding drops 22% in Q2 despite strong June finish

    10/07/2025

    Vietnam’s Bitcoin Regulation May Support FATF Compliance and Boost Financial Transparency

    10/07/2025
  • Blockchain

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    BitDoctor Partners with The Binary Holdings to Accelerate Web3 Adoption

    10/07/2025

    Zypher Network Raises $7M to Develop ZK Protocols for AI Agent Verification

    10/07/2025

    The Graph Brings Real Time Data Streaming to TRON, Providing Builders with Advanced Blockchain Insights

    10/07/2025

    The Hashgraph Group Teams Up with MPBCDC to Launch India’s First State Carbon Bank on Hedera

    09/07/2025
  • DeFi

    Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan

    10/07/2025

    AAVE Surges to 3-Week High, Dominating Soaring $56B DeFi Lending Market

    09/07/2025

    After PancakeSwap ban, Turkey may target other DeFi services, regulators explain

    09/07/2025

    Morpho crypto holds key level as TVL on Base nears $2b

    09/07/2025

    AAVE Token Rides DeFi Wave to New Heights

    09/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    Crypto VC funding drops 22% in Q2 despite strong June finish

    10/07/2025

    Popular Design Company Applies For IPO, Filing Shows $70M in BTC ETF Holdings

    10/07/2025

    Elon Musk says OpenAI equity is fake, silent on Robinhood’s SpaceX stock token

    10/07/2025

    Nasdaq surges as new trade deal, jobs data fuel Fed rate cut hopes

    09/07/2025

    Sberbank’s CEO not keen on Russia’s digital ruble

    09/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    BBVA Launches Crypto Trading and Custodian Services for Spanish Retail Customers

    09/07/2025

    Bybit adds 18% GST for Indian users amid broader India crypto tax crackdown

    09/07/2025

    From 30M Global Users To A ‘Next-Generation Crypto Exchange’

    09/07/2025

    Unexpected Ripple (XRP) Move Comes from the Giant Brazilian Exchange!

    09/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    09/07/2025

    Publicly Traded Mining Firms Face Pressures While Bitmine Shares Surge

    09/07/2025

    Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”

    09/07/2025

    A Bitcoin Mining Powerhouse Emerges

    08/07/2025

    Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright

    08/07/2025

    Vietnam’s Bitcoin Regulation May Support FATF Compliance and Boost Financial Transparency

    10/07/2025

    Pay Attention to This Date in Cryptocurrencies! The First Cryptocurrency Report Will Come to Donald Trump’s Desk! Here Are the Details

    10/07/2025

    Ripple CEO Brad Garlinghouse Urges Clear Crypto Rules on July 9 Senate Hearing

    10/07/2025

    Linqto Stands Firm on Ripple Holdings, Threatens Legal Action Against False Reports

    09/07/2025

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025

    Crypto VC funding drops 22% in Q2 despite strong June finish

    10/07/2025

    Vietnam’s Bitcoin Regulation May Support FATF Compliance and Boost Financial Transparency

    10/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»Is This The Best Bitcoin Price Indicator Right Now?
Bitcoin

Is This The Best Bitcoin Price Indicator Right Now?

NBTCBy NBTC19/10/2023No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Following recent geopolitical events, the correlation between gold and Bitcoin prices has once again come under scrutiny by market analysts. Here’s a comprehensive dive into the relationship and its implications.

The Gold And Bitcoin Correlation

After the recent Israel-Hamas war, gold experienced a rapid uptick in its price. This shift interestingly mirrored movements in the Bitcoin market, emphasizing a revived correlation between the two assets. Skew, a reputable market analyst, shared his insights on X (formerly Twitter), noting on October 11 that “correlation has been rather loosely applicable to BTC periods of 35 days + where there’s price disconnection between both markets.”

However, only days later, on October 16, he observed a potential “re-correlation” as both Bitcoin followed the latest gold rally. Today, the statement stands stronger with Skew’s latest tweet, “BTC & gold correlation still there it seems. Gold may lead the next big move for BTC.”

Bitcoin and gold correlation | Source: X @52kskew

In his recent insights shared in the Onramp Weekly Roundup, Bitcoin analyst Dylan LeClair emphasized the implications of the ongoing selloff in government bonds. Rising costs for long-term financing directly influence the global cost of capital, offering a valuation yardstick for various assets.

More significantly, the treasury market underpins the global financial ecosystem. Its current instability could pressure asset prices and exacerbate the pre-existing debt cycle, potentially endangering the US’s fiscal position. This precarious state contrasts sharply with the US administration’s fiscal actions, as evidenced by plans like the “WHITE HOUSE EYES $100 BILLION UKRAINE, ISRAEL AND BORDER ASK”, suggesting a lack of fiscal restraint, according to LeClair.

Gold, Real Yields, And The Changing Landscape

Further complicating matters, Bill Dudley, former president of the Federal Reserve Bank of New York, in his recent Bloomberg piece, noted the likelihood of the current cycle of quantitative tightening (QT) persisting until late 2025. This prolonged QT could heighten long-term interest rates and risk treasury market turbulence. Yet, should severe dysfunction manifest in the treasury market, the Federal Reserve might reconsider its QT trajectory.

Interestingly, post the Russia-Ukraine conflict and the subsequent confiscation of Russia’s G7 reserves, gold, and real yields have shown an atypical positive correlation, challenging their historical negative relationship.

Gold vs 10-year real rates (inverse)
Gold vs 10-year real rates (inverse) | Source: Onramp

In this evolving geopolitical landscape where even G7 sovereign debt isn’t immune to confiscation, traditional ‘safe assets’ are being reevaluated.  This uncertainty combined with the not-so-safe “risk free” yield from treasuries has bolstered gold’s position (and price) as a counter-risk monetary asset and may push Bitcoin on a similar trajectory.

According to LeClair:

This repositioning, however, isn’t limited to gold alone. Bitcoin, with its unique advantages and growing liquidity profile, is on a similar trajectory, albeit still in the very early stages of its monetization with a $500b market cap.

The Best BTC Price Indicator?

Under these current conditions, the price of gold may be a leading indicator for the price of Bitcoin, assuming that the correlation between the two assets continues. This would imply that Bitcoin is classified as a “safe haven” asset like gold by a majority of investors, rather than a “risk asset”.

However, this view is not shared by all. James Butterfill, the head of research at CoinShares, pointed out that the Bitcoin market has shifted its focus after the fake news regarding a spot Bitcoin ETF approval. He remarked that investors now seem to prioritize the ETF approval over macro expectations, placing less emphasis on the Federal Reserve’s actions.

Since the Coin Telegraph tweet mistake on a Bitcoin Spot ETF approval, Bitcoin prices have decoupled from December interest rate expectations – it seems like investors are solely focussed on the ETF approval now, and not what the FED does.

At press time, Bitcoin traded at $28,450.

Bitcoin price
BTC hovers below $28,500, 1-day chart | Source: BTCUSD on TradingView.com

Featured image from iStock, chart from TradingView.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Can Bulls Hold $108K As Momentum Stalls?

10/07/2025

Crypto Trader Unveils ‘Absolute Worst-Case’ Scenario for Bitcoin As BTC Struggles To Clear $110,000

10/07/2025

Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote

10/07/2025

Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX

10/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

10/07/2025

Can Bulls Hold $108K As Momentum Stalls?

10/07/2025

Crypto VC funding drops 22% in Q2 despite strong June finish

10/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.