Bitcoin and Gold Correlation Hits a New High Since 2020
2026-09-04 11:02:11
According to CoinMeta, the correlation between Bitcoin and gold has reached its highest level since 2020, indicating that Bitcoin is more akin to “digital gold.” U.S. Treasury Secretary Janet Yellen stated that the European Union has joined “economic isolation measures” to cut off Iran’s global financial access in order to curb its nuclear program and terrorist financing. President Donald Trump claimed that artificial intelligence will “create millions of jobs.” OpenAI has launched the latest model GPT-6, which boasts enhanced computer usage and visual understanding capabilities. Coinbase has submitted a registration application to SEC and plans to launch single-stock perpetual futures in the United States. SEC Chairman Mike Selig said that the Trump administration is committed to ensuring that the “new frontiers of finance” are established in the U.S. Senator Cynthia Lummis stated that the Clear Act will extend Wyoming’s crypto-friendly framework across the country. Revolut has received conditional approval from OCC and plans to launch a national bank charter in 2027. Polymarket has introduced perpetual contracts that offer up to 20 times leverage. Nvidia acquired Hugging Face for $12.93 billion.
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Source:Cointelegraph
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