CoinScoopBTC Correlation with Gold Hits 0.56, Reaching Highest Level Since 2017
According to Protos, the 90-day price correlation between BTC and gold has risen to 0.56, marking the highest level since 2017. Meanwhile, the 90-day correlation between BTC and the Nasdaq 100 has dropped to a one-year low of 0.3. The trend reinforces the 'digital gold' narrative as capital flows shift toward currency devaluation trades.
Summaries are written by AI from the original article. Not investment advice.