If you happen to watch also the stock markets, in the last couple of days and especially today there was a huge crash also in US (and around the world of course). It seems that people are selling assets (crypto and stocks). Is there a correlation or not?
Gold is rising while equity markets around the world and cryptocurrencies are crashing. This kind of punches a hole in the theory that Bitcoin will be considered as some kind of digital gold. There definitely is a correlation and investors are selling risky assets because the yield on treasury bonds is increasing, making them more attractive.