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Bitcoin-Gold Correlation Hits 6-Year High as Macro Yields Drive Tech Decoupling

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin's 90-day correlation with gold reached a multi-year high of +0.50 while decoupling from tech stocks, tracking macro yields instead.
  • Driven by Treasury buybacks and bond market shifts, both assets trade in sync ahead of a pivotal Federal Reserve rate decision testing the relationship.
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XAUUSD price history

4335.50 -9.03% over the displayed period

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