Bitcoin Correlation with Gold Rises as Decoupling from Nasdaq 100 Deepens

Bitcoin's 90-day correlation with gold has climbed to approximately +0.50, marking its highest level since 2020, while its correlation with the Nasdaq 100 has declined to around +0.30. This shift suggests a potential change in Bitcoin's role within investment portfolios as it moves away from its recent trend of tracking tech-heavy equity indices.