Bitcoin’s 90-day correlation with gold hits highest since 2020

TREE NEWS reports: Bitcoin and gold have rallied together as concerns over developed economies’ fiscal health mount, with the 90-day correlation of their daily returns reaching 0.59, the highest since 2020. However, Bitcoin appears more immune to bond market volatility: its 90-day correlation with 10-year U.S. Treasury yields is only -0.17, compared to gold’s -0.41. Analysts suggest this indicates Bitcoin is less tied to bond market forces than gold, potentially enhancing its ‘hard asset’ status amid fiscal risks.