Bitcoin converges with gold

🟡The correlation between Bitcoin and gold is strengthening again: the 30-day Pearson coefficient has reached 0.54, approaching the annual high of 0.73. This may indicate a resurgence of the narrative positioning Bitcoin as a safe-haven asset amid growing macroeconomic uncertainty and a weakening dollar.

🟡After a sharp divergence in February — when the cryptocurrency lost 17% and gold appreciated — the correlation dropped to -0.67. However, historical data shows that such “decouplings” are short-lived: out of 18 cases since 2020, the correlation recovered within a week in 17 instances. This reinforces the view of cyclical behavior between the assets and increases investor interest in their interconnection.