TLDR: Bitcoin’s 90-day correlation with gold reached +0.50, more than doubling from early 2026 levels. Bitcoin’s Nasdaq 100 correlation fell to about 0.30, marking its lowest level in one year. The correlation surge accelerated after Treasury debt buybacks doubled to at least $4 ...
- Bitcoin's 90-day correlation with gold has surged to +0.50, more than doubling from early 2026, indicating a shift towards scarce assets.
- Concurrently, Bitcoin's correlation with the Nasdaq 100 has dropped to a one-year low of approximately 0.30, signaling a divergence from traditional tech markets.
- This trend is influenced by increased Treasury debt buybacks and growing investor concerns over currency debasement and fiscal pressures.
Topics: Asset types, Market cycles macro sensitivity, Gold, Interest rate sensitivity, Market volatility liquidity
Tags: #bitcoin #gold #correlation #nasdaq100 #treasurydebtbuybacks #scarceassets #fiscalconcerns #currencydebasement #kobeissiletter #blockonomi
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