Bitcoin and gold are showing their strongest relationship in almost six years, according to data cited by CryptoSlate. Their 90-day correlation has risen to approximately 0.55, indicating that the two assets have been moving more closely together than at any point since 2020. At the same time, the volatility gap between them has narrowed. Bitcoin’s volatility is reported at 36.2%, compared with 25.3% for gold, leaving Bitcoin’s volatility at 1.43 times that of the traditional safe-haven asset. The shift comes as gold’s market turbulence has increased, reducing the relative volatility advantage long associated with Bitcoin. However, their most recent price divergence is putting the strengthened relationship to the test. The figures offer a market snapshot of how Bitcoin’s risk profile compares with gold while the correlation between the two assets remains elevated.
