• Growing correlation between Bitcoin and gold
• Ripple become the third most valuable crypto asset

According to James Li, a research analyst at CryptoCompare:
"Last time Bitcoin had a moderate correlation with gold (around 0.5) was towards the end of 2018. That was when a month earlier in November 2018 bitcoin suffered a 50% drop (at the height of the bitcoin cash war) and made some subsequent rebounds. Gold was recovering from a somewhat cyclical drop a couple of months earlier. The moderate correlation back then was perhaps a bit of a coincidence".


Ripple seems to have joined the crypto market rally and on Wednesday reached its highest levels since the beginning of March.
Ripple has been trading in a tight range for more than 2 months with its volatility at its lowest levels. During this period coin did not attract interest, but now the coin becomes valuable again. Since mid-July, the number of wallets holding 1 million to 10 million Ripple has been steadily increasing. Ripple surpassed Tether and become the third most valuable crypto asset in dollar terms, at around $11 billion. There is no clear reason behind the recent rally, but Nairmetrics, through its data feed, noticed that some whales increased their stakes in the digital coin significantly.

Bitcoin loses momentum falling to $111k 📉Ethereum loses 3%
Crypto news: Bitcoin rebounds after the sell-off 📈Ethereum above $4000
Daily Summary: Gold and Indices lower, Dollar bounces back💲
Chart of the day - ETHEREUM (09.10.2025)
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