📈 Bitcoin-Gold Correlation Hits Six-Year High
The 90-day correlation between Bitcoin and gold has surged to its highest level since 2020, while Bitcoin’s link to traditional stock markets has weakened. According to Bitwise research chief Hugo Dragos, this shift reflects growing influence from macroeconomic events in August.
Following the U.S. Treasury's bond-buying moves, Bitcoin jumped 22.4%, gold rose 5%, and equities declined. Investors are increasingly turning to both assets as hedges against currency devaluation—with Bitcoin now seen as a "high-octane version of gold."
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2September 4, 2026 1.5K
