Bitcoin Keeps Rising as Gold Turns Bearish: Is BTC Breaking Away From the Macro Rate Trade?

• Bitcoin holds above $80,000 as gold weakens, testing its resilience to rate pressure.
• Bitcoin’s correlation with gold nears -0.9, marking a three-year low in the reading.
• Hammack says rising real rates drove more of the Treasury yield increase than inflation expectations.

Bitcoin has held above $80,000 as gold weakens and Federal Reserve officials warn that inflation requires restrictive monetary policy.

Their diverging performance raises a question: whether Bitcoin can absorb pressure from higher interest rates better than gold, even as rising Treasury yields keep the macroeconomic backdrop in focus.

Bitcoin and Gold Move Apart

The reported correlation between Bitcoin and gold has approached minus 0.9 for the first time in three years, indicating opposite price movements. However, that reading alone does not confirm that Bitcoin has decoupled from interest…

Read The Full Article Bitcoin Keeps Rising as Gold Turns Bearish: Is BTC Breaking Away From the Macro Rate Trade? On Coin Edition.