Bitcoin Gold Correlation Climbs to 0.50 as Nasdaq Link Hits Yearly Low

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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‘Sell America’ Debate Re-Emerges as US Policies Sow Doubts

Global bond and currency investors are debating if it’s time to dust off last year’s ‘Sell America’ trade after economic-policy decisions out of Washington. The 30-year Treasury yield has risen above 5% to its highest since 2007, and the dollar has weakened against almost every Group-of-10 currency over the past one month. Some investors warn the Fed risks losing its grip on the debt market without a clearer inflation strategy, while any direct US effort to support the yen weakens the dollar.

• Global investors are reconsidering the 'Sell America' trade due to recent US economic policy decisions, leading to rising Treasury yields and a weakening dollar.
• Concerns about the Federal Reserve's inflation strategy and US intervention to support the yen are creating policy uncertainty and impacting capital flows into the US.
• Despite some resilience in US stocks, the article highlights growing doubts about the dollar's dominance and Treasuries' status as a safe-haven asset, with potential for further dollar depreciation.

Topics: Jurisdictions, Market cycles macro sensitivity, Public debt, Established hubs, Interest rate sensitivity, Tokenized us treasuries, Global sovereign bond tokenization, Impact monetary policy

Tags: #sellamericatrade #uspolicy #treasuryyield #dollarweakness #federalreserve #inflationstrategy #yenintervention #fiscalconcerns #marketuncertainty #foreigninvestors

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