Did BTC's decoupling from Gold and SPX impact its rise to $30k? Decoding...
This reduced dependence on external factors was one of the driving forces behindon a daily timeframe chart revealed that its ascent toward the $30,000 price threshold began on 8 April. The correlation chart confirmed this observation, suggesting that the decoupling of BTC from external assets coincided with this trend.was trading at roughly $30,460, showing a slight drop of less than 1% at the time of writing.
As Bitcoin’s price continues to move separately from other assets, it becomes an attractive option for investors seeking diversification in their investment portfolio, which may further contribute to its price increase.
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