Bitcoin24h $77,243.31-1.50%

Ethereum24h $2,466.22-0.60%

BNB24h $714.83-0.85%

XRP24h $1.35-2.68%

Solana24h $99.74-2.23%

TRON24h $0.3387-0.33%

Hyperliquid24h $79.92-4.79%

Zcash24h $1,102.40-10.56%

Dogecoin24h $0.0840-2.20%

Monero24h $511.34-0.62%

Bitcoin’s 90-day correlation with gold hits nine-year high

BTC’s 90-day correlation with gold has reached a multi-year high as the US Treasury’s QE Lite announcement reunited debasement traders.

Boomer gold outperformed digital rival BTC by 70% over the past year

A dollar saved in gold a year ago is worth $1.28 today, while the same dollar saved in BTC is worth just $0.55.

Since Donald Trump joined Israel’s war with Iran on February 28, BTC has rallied 8% while gold has fallen 18%.

Curiously, BTC has demonstrated relative strength among trillion-dollar assets since the onset of the Iran war.

A 72-hour rally in gold this week added twice as much value to the precious metal than the entire market capitalization of BTC.