Bitcoin2026-09-07 11:45:34Bitcoin Shows Greater Immunity to Bond Market Volatility Than Gold, Hard Asset Appeal GrowsAs fiscal concerns over developed economies rise, both gold and bitcoin have strengthened. The 90-day correlation between BTC and gold reached 0.59, the highest since 2020. However, bitcoin's correlation with the 10-year Treasury yield is only -0.17, compared to gold's -0.41, indicating bitcoin is less tied to bond market dynamics, potentially strengthening its case as a hard asset.800
Bitcoin2026-09-07 11:26:15Bitcoin Shows Lower Sensitivity to U.S. Treasury Yields Than Gold, Analysts SayAnalysts note that the 90-day correlation between Bitcoin and gold returns has reached 0.59, the highest since 2020. However, Bitcoin's correlation with the 10-year U.S. Treasury yield is only -0.17, compared to gold's -0.41, suggesting Bitcoin may have stronger "hard asset" appeal amid rising yields. But correlations do not guarantee immunity from macro risks.760
Bitcoin2026-09-06 09:27:31Bitcoin-Gold 90-Day Correlation Hits 0.50, Approaching 2020 Pandemic HighThe Kobeissi Letter reports that Bitcoin's 90-day correlation with gold has risen to +0.50, nearly matching the pandemic-era peak of 2020, more than doubling since the start of the year. The acceleration follows the U.S. Treasury's August 19 announcement to double the size of its long-term Treasury buyback program from $2 billion to $4 billion per operation. Meanwhile, Bitcoin's correlation with the Nasdaq 100 has dropped to around 0.30, a one-year low, as investors increasingly view both assets as hedges against currency debasement.760
Bitcoin2026-09-06 08:07:29Bitwise: Bitcoin-Gold 90-Day Correlation Hits Six-Year High, Weak Dollar Benefits BothBitwise European head of research André Dragosch highlighted in a client memo that the 90-day correlation between bitcoin and gold has reached its highest point in nearly six years. The observation came at a time when bitcoin surged 22.4% over the past week, marking its largest weekly gain since March 2024, while gold advanced approximately 5% and equities declined. Bitwise further noted in the memo that its 90-day metric showed bitcoin's correlation with the U.S. dollar index had turned negative by the end of August, suggesting that a weaker dollar would be supportive for both assets. A similar pattern of elevated correlation was last seen in 2020, when governments and central banks rolled out massive fiscal and monetary stimulus in response to the COVID-19 pandemic.920
Bitcoin2026-09-06 05:56:46Bitcoin’s correlation with gold climbs to its highest level since the pandemic as Nasdaq link weakensBitcoin’s 90-day correlation with gold has risen above 50%, reaching its highest level since the 2020 pandemic period, while its correlation with the Nasdaq 100 has fallen from more than 60% to roughly 30%-33%, according to a Techub report citing CryptoPotato. The report said the shift began in mid-August, when the U.S. Treasury raised the cap on long-term Treasury liquidity support buyback operations from $2 billion to $4 billion. Analysts linked the move to growing market concerns over debt, deficits, and currency debasement, which pushed investors to view both Bitcoin and gold as hedging instruments. Grayscale research head Zach Pandl said Bitcoin’s correlation with gold has moved from near zero at the start of the year to above 50%. Even so, the report noted that Bitcoin has not fully broken from equities, pointing to a recent instance in which Bitcoin and U.S. stocks both fell after a strong U.S. jobs report.810
Bitcoin2026-09-04 16:56:49Bitcoin-Gold Correlation Hits Six-Year High as Investors Seek Safe HavensBitcoin's correlation with gold has climbed to a six-year high, driven by investors seeking stability amid economic and monetary concerns, according to Crypto Briefing. The trend highlights a shift in preference toward hard assets.750
Bitcoin2026-09-02 15:14:29Bitcoin's Correlation with U.S. Stocks Lower Than Gold, Treasuries: Bloomberg AnalystBloomberg ETF analyst Eric Balchunas revealed that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small caps, emerging markets, and even U.S. Treasuries. Bitcoin's correlation coefficient stands at around 0.40, while the correlations for gold and Treasuries have risen. He noted the short timeframe but said the data challenges the “Bitcoin only correlates with QQQ” narrative.1000
Bitcoin2026-09-01 16:06:54Bitcoin-Gold 90-Day Correlation Hits Record High as 30-Day Reading Reaches 0.8Bitcoin’s correlation with gold has climbed to its highest level on record, according to the latest data cited from The Block Data & Insights, with the 90-day Pearson correlation setting a new all-time high and the 30-day reading rising to 0.8, its highest level this year. The report said the move reflects increasingly synchronized price action between BTC and gold. The article ties that pattern to what it describes as a “debasement trade,” arguing that investors are rotating into hard assets as concerns build around the depreciation of fiat currencies and government-backed assets. It also points to fund flows, noting that both gold ETFs and spot Bitcoin ETFs rank among the top 10 inflow products, while Bitcoin ETFs brought in nearly $1 billion last week and $1.89 billion year to date. BlackRock’s IBIT alone has attracted $1.2 billion so far this year. The report also draws historical parallels. Similar spikes in Bitcoin-gold correlation appeared in Q4 2020 and Q4 2022, followed by BTC gains of 172% and nearly 350%, respectively. Separately, the Crypto Fear & Greed Index has returned to 68, classified as “Greed,” though the article says current volatility still remains below levels typically seen in full-blown market bubbles.810
