Uncorrelated Safe-Haven: Gold And Bitcoin Record 2-Day Price Surge Despite Plunging Markets

Gold and Bitcoin, however, are performing particularly well during the last two days. Their steady performance also comes in times when Wall Street crashes, summarizing a terrible first quarter, and thousands of people are losing their jobs.

While Wall Street’s major indices saw 4-5% aggregated declines over the past two days, as of writing these lines, the price of gold surged by 2.5%, and Bitcoin price is even more impressive. The price of gold has been holding up relatively stable lately and is fairly flat in the past few days as an ounce currently trades above $1,600.

Timeline of Bitcoin