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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
Bitcoin's 90-day correlation with gold has risen to 0.56, the highest level since tracking began in 2017, while its correlation with the Nasdaq has fallen to a one-year low, according to Protos.
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What happened
Bitcoin's 90-day correlation with gold has risen to 0.56, the highest level since tracking began in 2017, while its correlation with the Nasdaq has fallen to a one-year low, according to Protos.
Confirmed
Global impact / market context
A higher link to gold suggests investors now treat Bitcoin more like a safe-haven asset than a tech stock. This shift could change how people view Bitcoin in their portfolios, especially during market ups and downs.
Analyst inference
When Bitcoin moves with gold, it may attract investors seeking protection from inflation or economic uncertainty. Meanwhile, a weaker tie to the Nasdaq means Bitcoin's price may no longer follow tech company performance as closely, altering risk assessments.
Analyst inference
What to watch
- Watch whether Bitcoin's 90-day correlation with gold stays above 0.56 or climbs even higher in the coming weeks, as this would mark a continued record trend. Confirmed
- Investors could monitor if Bitcoin's correlation with the Nasdaq continues to fall, which might signal a lasting shift away from tech-driven price moves. Proposed
- If gold prices rise due to economic worries, Bitcoin may follow, so watch for similar price movements between the two assets during market stress. Analyst inference
Affected assets
- BTC — Bitcoin