Summary
- The 30-day moving average correlation coefficient between Bitcoin and gold recorded 0.70, indicating that the price synchronization between the two assets is strengthening.
- The media reported that despite the uncertainty of President Donald Trump's tariff policy, Bitcoin is showing high stability.
- The correlation between Bitcoin and the Nasdaq 100 recorded 0.53, which is lower than the correlation with gold.
An analysis has emerged that Bitcoin (BTC) is showing a high correlation with gold.
On the 28th (local time), CoinDesk stated, "The 30-day moving average correlation coefficient between Bitcoin and gold recorded 0.70," adding that "Bitcoin is strengthening its narrative as 'digital gold'." The media added, "Despite the uncertainty caused by U.S. President Donald Trump's tariff policy, Bitcoin still shows considerable stability."
A correlation coefficient close to 1 indicates a strong positive correlation, while a coefficient close to -1 indicates a low correlation.
Meanwhile, the correlation between Bitcoin and the Nasdaq 100 recorded 0.53.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
