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Bitcoin-gold correlation rises amid macro risks; SHIB whales shrink; Binance hits $600M tokenization milestone.

Market News
12 Aug 2026
UToday
View Source
Neutral
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Bitcoin's 90-day correlation with gold has surged from -0.9 to +0.7 due to fiscal and geopolitical risks, signaling a return of its 'digital gold' status. Meanwhile, Shiba Inu (SHIB) whale wallets have dropped to just 0.04% of holders, though they still control over 94% of supply, with the price hovering near $0.00000449. Binance's bStocks platform has captured 27% of the tokenized stock market, managing $619.57 million in assets and growing its user base by 399% since June. Bitcoin's price remains below key resistance but could rise toward $71,000 with Federal Reserve liquidity support and increased Ethereum staking.

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