Analysis: The correlation between Bitcoin and gold is increasing, rising from -0.62 at the beginning of the month to -0.31 According to CryptoQuant analyst oinonen_t, Bitcoin has recently risen 10.2% due to its inverse correlation with the US dollar, potential easing of Trump's tariff policies, and the potential for a peace agreement in Ukraine, all of which could drive cryptocurrency strength. In addition, the correlation between Bitcoin and the S&P 500 and Nasdaq indices weakened, dropping from 0.88 to 0.77 and from 0.91 to 0.83, respectively. Meanwhile, the correlation between Bitcoin and gold is strengthening, rising from -0.62 at the beginning of the month to -0.31. The scarcity of Bitcoin is similar to that of gold and may follow the trend of gold. Analysts believe that if the current trend continues, gold may become a leading indicator for Bitcoin.