Bitcoin-Gold Correlation Hits Nine-Year High as Nasdaq Link Falls to One-Year Low According to Protos, Bitcoin’s 90-day correlation with go…
Bitcoin-Gold Correlation Hits Nine-Year High as Nasdaq Link Falls to One-Year Low
According to Protos, Bitcoin’s 90-day correlation with gold has risen to 0.56, its highest level since most data providers began tracking the metric in 2017 and above the previous peak of around 0.50 in November 2020. Meanwhile, its 90-day correlation with the Nasdaq 100 has fallen to roughly 0.30, a one-year low. On a 30-day basis, BTC’s correlation with gold has climbed to 0.72, versus just 0.22 with the Nasdaq Composite, reinforcing the renewed “digital gold” narrative amid August’s debasement trade.