Crypto
Bitcoin Closes in on Gold as Correlation Hits Six-Year High
Bitcoin's correlation with gold has hit a six-year high, with a strong string of higher lows since February. This alignment is significant because it suggests that Bitcoin may soon flip positive against gold for 2026. Currently, Bitcoin is just 3% away from achieving this milestone.
The BTC-gold ratio has been steadily increasing, with a new high above 17.9 ounces reached recently. To put this in perspective, the value of Bitcoin in terms of gold would be approximately $92K if it were to surpass this level.