BTC's 90-day correlation with gold rises to 0.56, the highest since 2017

Odaily News: BTC's 90-day price correlation with gold has risen to 0.56, surpassing the previous high of approximately 0.50 set in November 2020, marking the highest level since most data providers began tracking in 2017. During the same period, BTC's 90-day correlation with the Nasdaq 100 has fallen to around 0.30, a one-year low. On a 30-day window, BTC's correlation with gold has further climbed to 0.72, while its correlation with the Nasdaq Composite Index stands at only about 0.22. Since August, capital flows centered around "currency debasement trades" have reinforced BTC's "digital gold" narrative.