Bitcoin follows gold as both rise to highest values since August

and gold climbed to their highest values since August during the intraday trading session on 19 October, with BTC climbing above $28,000 and gold rallying past $1,950., a 2-month high was still able to be hit today. Digital gold and physical gold are moving up in tandem.

Whenever this happens, it means that the prices of the two assets are moving in sync. At press time, this correlation stood at 0.04, growing by over 100% in the last seven days, according to data fromA notable cause of a surge in correlation between gold and BTC is an increase in institutional investments.

Fund market premium refers to the difference between the market price of a fund and its Net Asset Value . A Fund market premium can occur when investors are willing to pay more for a fund than its NAV.

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