Analysis: BTC's relationship with gold should strengthen investors.

According to the Cointelegraph, the relationship between the daily yield of Bitcoin and gold is strengthened and investors expect further value gains from Bitcoin. Data shows that the relationship between Bitcoin and gold has increased this week as Bitcoin hit its 2020 high of $ 11,392, and the current correlation between Bitcoin and gold is 0.66 monthly yield. Data from the Kraken Exchange research team shows that this additional relationship is indicative of a change as the relationship between the two in the past has waned. While the relationship between gold and Bitcoin has increased, the relationship between Ethereum and Bitcoin has started to decline almost simultaneously and is now hovering around 0.56. Research analyst James Li said, "With DeFi's innovation and hype, we are starting to see a price separation in the crypto space. Ethereum is gaining momentum and we are seeing strong growth over the course of recent weeks with other DeFi tokens. Bitcoin relationship. With the precious metal may make its work more valuable as the Fed plans to pass another bill supporting COVID-19.