On-chain data suggests Bitcoin is no longer being used as electronic cash by its userbase as the token’s circulation has seen a steep drop.

Data shows the relationship between Bitcoin and Gold has been growing deeper recently as their 60-day correlation has been riding an uptrend.

The Bitcoin safe haven narrative may be back as data shows the cryptocurrency’s correlation with Gold has surged in recent months.

Bitcoin has gotten some wild, and not so wild, predictions from analysts recently.