Data: BTC-Gold 90-Day Correlation Rises to 0.56, Highest Since 2017

BTC's 90-day price correlation with gold has risen to 0.56, above the previous high of about 0.5 in November 2020, marking the highest level since records began in 2017 across most data providers. Over the same period, BTC's 90-day correlation with the Nasdaq 100 fell to about 0.3, a one-year low. On a 30-day window, BTC's correlation with gold further climbed to 0.72, while its correlation with the Nasdaq Composite stood at only about 0.22. Since August, capital flows tied to the "currency debasement trade" have reinforced BTC's "digital gold" narrative.