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      Bitcoin's Correlation with Gold Reaches Highest Level Since 2020

      Bitcoin's correlation with gold has surged to its highest level in six years, coinciding with increased market volatility and rising bond yields. Recent data indicates that the 90-day correlation between the two assets has intensified, marking a shift from Bitcoin's previous alignment with technology stocks.

      In the latter half of August, Bitcoin experienced a nearly 25% increase, while gold prices rose by 5%. This movement occurred against a backdrop of declining stock values, suggesting a growing relationship between Bitcoin and gold as safe-haven assets during turbulent market conditions.

      Historically, the last time Bitcoin and gold exhibited such a strong correlation was in 2020, during the initial economic responses to the Covid-19 pandemic. Analysts note that this trend may bolster the argument for Bitcoin as a store of value, akin to gold, especially as Bitcoin's correlation with the S&P 500 index has diminished.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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