Bitfinex Analyzes Bitcoin and Gold Price Movement as Hikes

Bitfinex discusses Bitcoin and gold's price correlation amid looming rate hikes. Here's why this matters for traders. Bitfinex highlights BTC and gold's drop of about 7% since late September. Markets currently price a 72% chance of a December interest rate hike. Bitfinex recently highlighted the correlation between Bitcoin and gold, both experiencing a decline of about 7% since late September. This observation is significant as both assets typically struggle during periods of expected interest rate hikes. With markets pricing in a 72% chance of a hike in December, the implications for traders and investors are noteworthy.