Bitcoin-Gold Correlation Hits 1-Year High as Bitcoin Decouples from Nasdaq

The correlation between Bitcoin and gold has strengthened to +0.50, more than double its level at the start of 2026.

This nears the all-time high reached during the COVID-19 pandemic in 2020, when global markets faced extreme uncertainty.

The US Treasury's recent decision to increase debt buybacks has contributed to this trend, with investors seeking protection against fiscal and currency risks.

Bitcoin's relationship with tech stocks, specifically the Nasdaq 100, has weakened, with a 90-day correlation of approximately 0.30, its lowest reading in a year.