BlockBeats News, February 8 — ARK Invest CEO Cathie Wood, known as “Wood姐,” stated, "Bitcoin once dropped to around $60,000, nearly halving from its October high. By calculating the return correlation between Bitcoin and gold since 2019, the correlation coefficient is only 0.14, indicating almost no correlation. Gold often rises before Bitcoin, and this situation may occur again.
We disclose our trading activities daily, showing that we have been gradually and modestly buying crypto-related stocks. We don’t know how long the decline will last, nor can we guarantee it has ended, but when negative sentiment is so extreme, if our research and judgment are correct, we should enter in batches and gradually increase our positions."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy Single-day frenzy snapping up 3,468 bitcoins! STRC’s “print money to buy coins” firepower is fully turned on, with total holdings nearing 770k BTC
Strategy, led by Michael Saylor, on April 10 alone, is estimated to have gone on a buying spree of 3,468 bitcoins by issuing STRC preferred shares, with its total holdings nearing 770k BTC. STRC offers an annualized return of up to 11.5%, helping it continue to expand its capital base and become the world’s largest bitcoin holder.
動區BlockTempo40m ago
BTC breaks through 73000 USDT, with a 24-hour increase of 0.48%
Gate News message: On April 11, according to a certain CEX price feed, BTC broke through 73,000 USDT, and is currently quoted at 73,024.4 USDT, up 0.48% over the past 24 hours.
GateNews3h ago
Bitcoin Price Update: BTC Jumps to $72,400 After March Inflation Comes in Softer Than Expected
Bitcoin moved from $72,000 to $72,400 on April 10 after March core CPI printed below expectations, giving crypto bulls a short-lived reprieve from months of sustained macro pressure.
Summary
March core CPI rose just 0.2%, below the 0.3% consensus forecast, while headline CPI climbed 0.9% on
Cryptonews4h ago
BlackRock withdrew 2,700 BTC and 30k ETH from a certain CEX
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews4h ago
