Bitcoin's correlation with gold has broken above 50% Over the past year, bitcoin traded more like a high-beta risk asset amid the AI-driven rally. That is now reversing. Its 90-day correlation with the Nasdaq 100 has fallen from above 60% to about 33%, while its correlation with gold has risen from near zero at the start of the year to over 50%. Investors appear to be refocusing on bitcoin's scarcity, monetary independence and store-of-value function.(BloFin Research)