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Bitcoin and gold both drop 7% amid rising interest rate expectations, showing rare strong correlation.

Market News
28 Oct 2026, 18:03 WIB
Tokenpost
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Neutral
Bitcoin and gold both drop 7% amid rising interest rate expectations, showing rare strong correlation.

Bitcoin and gold prices have each fallen about 7% since late September, reflecting a rare parallel movement highlighted by Bitfinex. This correlation between the two assets, which do not pay interest, has reached its highest level since 2014. The decline is linked to market expectations of higher interest rates, which typically challenge assets that don't generate yield. This trend suggests investors are reacting similarly to rate hike signals, impacting both digital and traditional safe-haven assets.

The story on Bitcoin and gold's parallel declines since September is provided here with Pluang's market context. As of Oct 28, 2026 21:22 WIB, 38 of 50 major cryptocurrencies on Pluang rose while 11 fell. Notable gainers include BAL (Balancer) at Rp16.297 with an 11.14% increase, EOS (EOS.IO) at Rp12.649 up 8.13%, and EGLD (MultiversX) at Rp61.081 rising 4.60% with 100% buy order activity and a typical hold time of 86 days.

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