Bitcoin’s 30-day correlation with the Nasdaq 100 Index has surged to its highest level in 3 years. Meanwhile, its link to traditional safe-haven assets, such as gold, has dropped to nearly zero. This significant shift raises questions about Bitcoin’s digital gold narrative as it now acts more like a high-beta technology asset than a stable store of value. Bitcoin Mirrors Tech Stock Volatility as Market Dynamics Shift In a recent post on X (formerly Twitter), The Kobeissi Letter highlighted that the cryptocurrency’s 30-day correlation with the Nasdaq 100 Index has reached roughly 0
source: https://beincrypto.com/bitcoin-nasdaq-correlation-safe-haven-weakness/