Bitcoin’s correlation with gold almost doubles, Binance investigates a data leak and Bitcoin’s price hovers around 12k USD
Here is your daily overview of interesting, important and market moving crypto news
Bitcoin’s correlation with gold almost doubles
The correlation between the price of Bitcoin and the price of gold has almost doubled in the past three months.
Statistics show that the correlation between BTC and gold was 0.496 over the past year, but hit 0.837 over the last three months.
It’s often argued that bitcoin can offer a hedge against the escalating trade tensions between the United States and China, as well as the current state of the world economy.
Binance investigates a data leak
Binance, the world’s largest cryptocurrency exchange by trading volume, said it’s investigating an alleged leak of customer’s verification data.
The leak could affect up to 60.000 individual users who sent their KYC data to the exchange. The leak is also said to be related to the 7.000 BTC hack that took place at Binance last May.
Binance stated that the images from the hack that were already published, di not match the data in their internal system. Their security team is hard at work to pursue possible leads to identify the source of these images.
Bitcoin’s price hovers around 12k USD
Bitcoin dropped from the recent high of 12,300 USD, down to around 11,200 USD earlier this morning. But the price has recovered to just above 12,000 USD since then.
Get to know our team
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.
