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Bitcoin’s 90-day correlation with gold has topped 50% as its relationship with Nasdaq stocks weakens, suggesting investors may increasingly view BTC as a gold-like asset during macroeconomic uncertainty.
Peter Schiff warns that MicroStrategy remains exposed to a potential “death spiral” despite a $1.6 billion liquidity pool and a rally linked to Bitcoin’s gains.
Bitcoin rises 0.31% to $79,699 as traders await Fed Chair Kevin Warsh’s Jackson Hole keynote and anticipate a possible rebound in the US dollar.
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