LATEST: Bitcoin's correlation with the Nasdaq slips to ~33% from above 60%, while its link to gold rises past 50%

AI Market Summary
Bitcoin's correlation with the Nasdaq reportedly falling to ~33% from above 60% while correlation with gold rises above 50% signals a shift in cross-asset behavior. For multi-asset portfolios, this can change hedging assumptions and risk-parity positioning, with BTC trading potentially responding more to real-rates, USD, and safe-haven flows than to US equity beta in the near term.
Impact level
● Medium
Affected assets
BTC/USDT-1.52%
AI Insight · BTC/USDTAI Insight
● Neutral
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LATEST: Bitcoin's correlation with the Nasdaq has eased to about 33%, down from above 60%. Its correlation with gold has increased to above 50%.