Bitcoin’s Gold Correlation Rises as Nasdaq Link Weakens

• Bitcoin-gold correlation surged to over 50% as BTC-Nasdaq correlation fell to 33%.
• U.S. debt above $40T is strengthening Bitcoin’s digital gold narrative.
• Shifting correlations mean traders may track gold and yields, not just tech stocks for signals. 

Bitcoin’s relationship with global markets is changing as its price movements continue to track gold while weakening its correlation with technology stocks. Bloomberg and Grayscale Investments data show Bitcoin’s 90-day correlation with gold reaching above 50% by August 24, 2026, while its correlation with the Nasdaq 100 dropped to roughly 33%.

The crossover strengthens Bitcoin’s digital gold narrative as investors weigh rising government debt, persistent fiscal deficits, higher yields, and concerns about the purchasing power of traditional currencies.

Bitcoin-Gold Correlation Climbs Above 50%

The shift…

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