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

The dollar has dropped over 10% in the first half of 2025

11/07/2025

Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

11/07/2025

Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

11/07/2025
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

    VeChain’s Johnny Garcia Explains Why Texas Could Be Next to Adopt a Bitcoin Reserve

    11/07/2025

    This Project Lets You Send Bitcoin Without Internet Access

    11/07/2025

    Bitcoin Faces Risk of Pullback to $100K as Momentum Indicator Diverges Bearishly: Technical Analysis

    11/07/2025

    “Continuation of Rally Depends on It!”

    11/07/2025

    Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

    11/07/2025

    Ethereum (ETH) Price Prediction for July 8

    11/07/2025

    Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

    11/07/2025

    It’s Time for Ethereum (ETH), Which Lags Behind Bitcoin, to Explode! Analyst Points to This Week!

    11/07/2025

    Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

    11/07/2025

    Pump.fun to Launch PUMP Token via ICO on July 12

    11/07/2025

    Interchain Foundation Funds Hadron Labs for Long-Term Maintenance of CosmWasm Smart Contract Platform

    11/07/2025

    Ripple USD (RLUSD) Breaks Crucial Milestone, Road to $1,000,000,000?

    11/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

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

    09/07/2025

    The dollar has dropped over 10% in the first half of 2025

    11/07/2025

    Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

    11/07/2025

    Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

    11/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025
  • Blockchain

    DeepLink and Roam Unite to Build Borderless Cloud Access and Gaming

    10/07/2025

    A Breakthrough for Blockchain Exploration

    10/07/2025

    Dechat Forges Partnership with Bullbit AI to Transform AI-Driven Trading Infrastructure

    10/07/2025

    It May Also Be Developing Its Own Blockchain!

    10/07/2025

    Veritas and Bixos Join Forces for the Secure Tokenization of Real Estate

    10/07/2025
  • DeFi

    Plume Launches SkyLink on TRON to Enable Real-World Asset Yields

    11/07/2025

    EUL Hits New All-Time High Led by Protocol Growth

    11/07/2025

    AscendEX Forges Partnership with M3 DAO to Bridge Real-World Finance and Web3

    11/07/2025

    Aave Outperforms DeFi Sector with 52% TVL Surge in Q2

    11/07/2025

    Bitcoin Exchange Bithumb Shares New Listing Announcement! Here’s the Listed Altcoin

    11/07/2025
  • 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

    The dollar has dropped over 10% in the first half of 2025

    11/07/2025

    Crypto M&A tops $40b in 2025 as buyers seek scale and speed

    11/07/2025

    XRP Advocate John Deaton Breaks Silence on Wall Street, Copying Strategy’s Model

    11/07/2025

    Texas Creates Its Own Digital Currency Backed by Gold and Silver

    11/07/2025

    Australia’s Swyftx to Acquire Caleb & Brown in Record $66M ANZ Crypto Deal

    11/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

    11/07/2025

    Transak Adds Support for Ripple’s RLUSD Stablecoin for Global Fiat On-Ramping

    11/07/2025

    Jack Ma’s Ant Group Joins Circle to Bring USDC to Blockchain

    11/07/2025

    KuCoin Passes Hacken-Audited Proof of Reserves, Maintains Over 100% Collateralization for 32nd Straight Month

    11/07/2025

    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

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    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

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025

    BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot

    11/07/2025

    Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

    11/07/2025

    KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay

    10/07/2025

    Bill Morgan Rejects ‘Staged Lawsuit’ Claims

    10/07/2025

    Trump’s crypto working group is due to submit digital asset policy proposals by July 22

    10/07/2025

    Crypto exchanges and providers thrive 6 months into EU’s MiCA regulation

    10/07/2025

    Trump Is Making Bank on Crypto: Do Voters Care?

    10/07/2025

    The dollar has dropped over 10% in the first half of 2025

    11/07/2025

    Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

    11/07/2025

    Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

    11/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025
  • 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

VeChain’s Johnny Garcia Explains Why Texas Could Be Next to Adopt a Bitcoin Reserve

11/07/2025

This Project Lets You Send Bitcoin Without Internet Access

11/07/2025

Bitcoin Faces Risk of Pullback to $100K as Momentum Indicator Diverges Bearishly: Technical Analysis

11/07/2025

“Continuation of Rally Depends on It!”

11/07/2025
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

The dollar has dropped over 10% in the first half of 2025

11/07/2025

Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

11/07/2025

Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

11/07/2025
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.