{"id":540066,"date":"2023-06-28T13:00:34","date_gmt":"2023-06-28T13:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=540066"},"modified":"2024-06-11T07:31:39","modified_gmt":"2024-06-11T07:31:39","slug":"bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/","title":{"rendered":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode"},"content":{"rendered":"

Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge toward cyclical lows recently.<\/p>\n

Bitcoin Correlation With Gold & Silver Has Now Turned Negative<\/h2>\n

According to data from the on-chain analytics firm Glassnode<\/a>, the latest price action in BTC has decoupled the cryptocurrency from commodities such as Gold and Silver.<\/p>\n

The “correlation<\/a>” here is an indicator that tells us how closely Bitcoin has been moving with any particular asset, over a given time period. In the context of the current discussion, the 30-day time period is of interest.<\/p>\n

When the value of the correlation is positive, it means that the cryptocurrency is mimicking the movements of the other asset currently. Negative values of the indicator, on the other hand, suggest BTC has been moving in the opposite direction to the commodity’s price.<\/p>\n

Naturally, the higher the value of the metric (whether on the positive or the negative scale), the stronger the response of Bitcoin to movements in the asset in question.<\/p>\n

The correlation can also attain a value of zero during periods where there isn’t any discernible pattern between the prices of the two assets (like when one of the assets moves sideways while the other is experiencing some kind of volatility).<\/p>\n

Related Reading: Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again?<\/a><\/div>\n

Now, here is a chart that shows the trend in the Bitcoin 30-day correlation to Gold and Silver over the last few years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the metric has plunged in recent days | Source: Glassnode on Twitter<\/a><\/pre>\n
As displayed in the above graph, the Bitcoin 30-day correlation to both Gold and Silver had been high just recently, but with the latest surge<\/a> in the cryptocurrency, the indicator’s value has taken a deep hit.<\/p>\n
Following this plunge, the metric’s value has fallen inside the negative territory for both these assets, with BTC’s correlation to XAU (the price of one troy ounce of Gold) hitting -0.78, while that to XAG (one ounce of Silver) going even deeper to -0.90.<\/p>\n
In the case of Gold, the correlation between the two assets is now close to the cyclical lows, while for Silver, the indicator has already set a new cyclical low with this plummet.<\/p>\n
Related Reading: XRP Traders Show Capitulation, Why This Could Be Bullish<\/a><\/div>\n
Bitcoin is currently showing such a highly negative correlation to these commodities because of the fact that their prices have been going down recently, while the cryptocurrency has observed a very sharp rally at the same time.<\/p>\n
The current values of the 30-day correlation pose an interesting shift of trend, as except for a period between late February and early March, Bitcoin had been tightly moving in tandem with these traditional assets since the rally<\/a> started back in January of this year.<\/p>\n
It now remains to be seen whether Bitcoin will remain decoupled from these assets in the coming days and do its own thing, or if the break in correlation is only temporary, like the aforementioned instance earlier in the year.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $30,200, up 5% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC hasn't moved much during the last few days | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from iStock.com, charts from TradingView.com, Glassnode.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge toward cyclical lows recently. Bitcoin Correlation With Gold & Silver Has Now Turned Negative According to data from the on-chain analytics firm Glassnode, the latest price action in BTC has decoupled the cryptocurrency from commodities such as Gold and Silver. The “correlation” here is an indicator that tells us how closely Bitcoin has been moving with any particular asset, over a given time period. In the context of the current discussion, the 30-day time period is of interest. When the value of the correlation is positive, it means that the cryptocurrency is mimicking the movements of the other asset currently. Negative values of the indicator, on the other hand, suggest BTC has been moving in the opposite direction to the commodity’s price. Naturally, the higher the value of the metric (whether on the positive or the negative scale), the stronger the response of Bitcoin to movements in the asset in question. The correlation can also attain a value of zero during periods where there isn’t any discernible pattern between the prices of the two assets (like when one of the assets moves sideways while the other is experiencing some kind of volatility). Related Reading: Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again? Now, here is a chart that shows the trend in the Bitcoin 30-day correlation to Gold and Silver over the last few years: Looks like the value of the metric has plunged in recent days | Source: Glassnode on Twitter As displayed in the above graph, the Bitcoin 30-day correlation to both Gold and Silver had been high just recently, but with the latest surge in the cryptocurrency, the indicator’s value has taken a deep hit. Following this plunge, the metric’s value has fallen inside the negative territory for both these assets, with BTC’s correlation to XAU (the price of one troy ounce of Gold) hitting -0.78, while that to XAG (one ounce of Silver) going even deeper to -0.90. In the case of Gold, the correlation between the two assets is now close to the cyclical lows, while for Silver, the indicator has already set a new cyclical low with this plummet. Related Reading: XRP Traders Show Capitulation, Why This Could Be Bullish Bitcoin is currently showing such a highly negative correlation to these commodities because of the fact that their prices have been going down recently, while the cryptocurrency has observed a very sharp rally at the same time. The current values of the 30-day correlation pose an interesting shift of trend, as except for a period between late February and early March, Bitcoin had been tightly moving in tandem with these traditional assets since the rally started back in January of this year. It now remains to be seen whether Bitcoin will remain decoupled from these assets in the coming days and do its own thing, or if the break in correlation is only temporary, like the aforementioned instance earlier in the year. BTC Price At the time of writing, Bitcoin is trading around $30,200, up 5% in the last week. BTC hasn’t moved much during the last few days | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":540084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,16531,1119,1144,61309,2209,3864],"class_list":["post-540066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-correlation","tag-btc","tag-btcusd","tag-glassnode","tag-gold","tag-silver"],"acf":[],"yoast_head":"\nBitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode<\/title>\n<meta name=\"description\" content=\"Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge towards cyclical lows recently.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode\" \/>\n<meta property=\"og:description\" content=\"Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge towards cyclical lows recently.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T13:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:31:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409\" \/>\n\t<meta property=\"og:image:width\" content=\"2127\" \/>\n\t<meta property=\"og:image:height\" content=\"1409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode\",\"datePublished\":\"2023-06-28T13:00:34+00:00\",\"dateModified\":\"2024-06-11T07:31:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\"},\"wordCount\":531,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409\",\"keywords\":[\"bitcoin\",\"bitcoin correlation\",\"btc\",\"btcusd\",\"glassnode\",\"gold\",\"silver\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\",\"name\":\"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409\",\"datePublished\":\"2023-06-28T13:00:34+00:00\",\"dateModified\":\"2024-06-11T07:31:39+00:00\",\"description\":\"Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge towards cyclical lows recently.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409\",\"width\":2127,\"height\":1409,\"caption\":\"Gold sign bitcoin and gold nuggets on black background.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode","description":"Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge towards cyclical lows recently.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode","og_description":"Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge towards cyclical lows recently.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-06-28T13:00:34+00:00","article_modified_time":"2024-06-11T07:31:39+00:00","og_image":[{"width":2127,"height":1409,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode","datePublished":"2023-06-28T13:00:34+00:00","dateModified":"2024-06-11T07:31:39+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/"},"wordCount":531,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409","keywords":["bitcoin","bitcoin correlation","btc","btcusd","glassnode","gold","silver"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/","name":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409","datePublished":"2023-06-28T13:00:34+00:00","dateModified":"2024-06-11T07:31:39+00:00","description":"Data from Glassnode shows the Bitcoin correlation to Gold and Silver has taken a plunge towards cyclical lows recently.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409","width":2127,"height":1409,"caption":"Gold sign bitcoin and gold nuggets on black background."},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode","url":"http:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin correlation","btc","btcusd","glassnode","gold","silver"],"dateCreated":"2023-06-28T13:00:34Z","datePublished":"2023-06-28T13:00:34Z","dateModified":"2024-06-11T07:31:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-correlation-gold-silver-drops-cyclical-lows-glassnode\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/iStock-1203525550.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/iStock-1203525550.jpg?fit=2127%2C1409\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin correlation\",\"btc\",\"btcusd\",\"glassnode\",\"gold\",\"silver\"],\"dateCreated\":\"2023-06-28T13:00:34Z\",\"datePublished\":\"2023-06-28T13:00:34Z\",\"dateModified\":\"2024-06-11T07:31:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1203525550.jpg?fit=2127%2C1409","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/540066"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=540066"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/540066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/540084"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=540066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=540066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=540066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}