Bitcoin’s Correlation with Gold Rises Above 50% as Nasdaq Ties Weaken

BitcoinWorld Bitcoin’s Correlation with Gold Rises Above 50% as Nasdaq Ties Weaken Bitcoin’s correlation with gold has climbed above 50%, while its link to the Nasdaq has fallen from over 60% to around 33%, according to data from Unfolded.

This shift suggests that the cryptocurrency is increasingly behaving more like a store of value than a tech stock. Understanding the Correlation Shift Correlation measures how two assets move in relation to each other.

A reading of 1 means they move in perfect tandem, while -1 indicates opposite movements. The recent data indicates that Bitcoin and gold are now moving together more frequently, a sign that investors may be treating Bitcoin as a hedge against inflation or economic uncertainty.

In contrast, the declining correlation with the Nasdaq implies that Bitcoin is decoupling from the tech sector, which has traditionally been a major driver of its price swings.