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Yahoo Finance Analysis: Bitcoin-gold 90-day correlation rises to six-year high of +0.50, while Nasdaq 100 correlation drops to +0.30.
Yahoo Finance analysis indicates that the 90-day correlation between Bitcoin and gold reached +0.50 in early September, its highest level since 2020. Concurrently, the correlation between Bitcoin and the Nasdaq 100 Index dropped to approximately +0.30, a one-year low, down from about +0.60 in 2022 and 2024. The analysis suggests this shift is primarily driven by bond market pressures, rather than technology stock trends. Despite Bitcoin's 54% decline from its peak in this cycle, its volatility has fallen to a historical low range of 1.5%, demonstrating its characteristic as a macro asset responsive to yield changes.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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