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Bitcoinist 2025-12-26 02:00:48

Bitcoin Charting Its Own Path: BTC Now Moving Differently From Stocks, Gold

Data shows Bitcoin has seen a shift in Correlation, with the cryptocurrency now being independent of Nasdaq and negatively correlated to Gold. Bitcoin Correlation To Nasdaq & Gold Has Changed Recently In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Correlation that Bitcoin has to the Nasdaq and Gold . The “ Correlation ” here refers to an indicator that basically tells us about how tied together the prices of any two given assets are. When the value of the metric is positive, it means the price of one asset is responding to movements in the other by moving in the same direction. The closer the value is to 1, the stronger this relationship is. On the other hand, the indicator being under the zero mark suggests a negative correlation exists between the assets. That is, the two are going in the opposite directions. The extreme level for this region lies at -1. A third case also exists for the metric, where its value becomes exactly equal to zero. When this happens, the prices don’t hold any relationship with each other whatsoever. In statistics, the variables are said to be “independent” under this condition. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Correlation to Nasdaq and Gold over the last few years: As displayed in the above graph, the Bitcoin Correlation indicator was at notable positive levels for both Nasdaq and Gold in mid-2025, implying the cryptocurrency was strongly bound to traditional markets. As the year went on, however, a shift began to take shape, with the indicator declining for both assets. Today, the metric is sitting at a nearly neutral level for Nasdaq, a sign that Bitcoin is now trading independently from the US stock market. The story is a bit different when it comes to Gold, however, as the Correlation has actually plummeted into the negative territory. With an indicator value of about -0.5, BTC can be considered to have a significant inverse relationship to Gold. Bitcoin is popularly thought of as the digital analogue to Gold’s “safe haven,” but given the latest Correlation, the cryptocurrency doesn’t appear to be behaving like one right now. “BTC is no longer trading like a tech stock or a safe haven,” noted the analyst. “It’s carving out its own market regime.” It now remains to be seen whether the new Correlation behavior will maintain or if the cryptocurrency will face another shift soon. BTC Price Bitcoin has been consolidating sideways since its decline at the start of the week as its price is still trading around $87,500.

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