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Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low

Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store of value.

Updated May 11, 2023, 5:27 p.m. Published Apr 26, 2022, 10:47 a.m.
(Federal Reserve Bank of New York, modified by CoinDesk)
(Federal Reserve Bank of New York, modified by CoinDesk)