Bitcoin (BTC) correlations with physical gold are relatively insignificant. On Monday, US equity futures were down over 3% on what has widely been described as a reaction to coronavirus spreading within southern Europe. Most of the Top 10 cryptos were down over 5%
The World Economic Forum Took Place Last Week And One Of The Main Talking Points Of The Entire Event Was Central Bank Digital Currency (CBDC) - Most Of The World's Major Central Banks Are Investigating Or Undergoing Plans To Launch Their Own CBDC.
Crypto markets are lower this morning as the sector sees a pullback from its aggressive run-up earlier in the week. Spot volumes, while still above the 30-day average, are only about a third of what they were Tuesday and Wednesday.
Some of the more aggressive moves saw DASH up in the range of 100% over 24-hours, Zcash (ZEC) +70%, ETH Classic (ETC) +50% and Bitcoin Cash (BCH) +40%. Bitcoin SV (BSV) was far and away the best performer (+200% at its highs).