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Bitcoin decoupled with the stock market and saw its correlation with gold rise to a level not seen since last year.
Bitcoin (BTC) and gold are no longer investors’ primary choices as inflation hedges amid the strengthening United States dollar. The current turmoil in financial markets added to the geopolitical tensions has run havoc on the majority of the assets that investors prefer to invest in during times of financial crisis.
Bitcoin has lost nearly 70% of its market cap since the market top last year while gold, which strengthened its position in the first quarter of the year despite
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