Bitcoin\u2019s relationship with traditional markets has changed sharply in a matter of weeks, with Santiment data showing that its correlations with stocks, the greenback, and even gold have all weakened.<\/p>\n
The part with gold is particularly interesting, as both assets recently moved at the same pace, but BTC now appears to be trading far more independently of all major comparison alternatives.<\/p>\n
Santiment\u2019s analysis highlighted the breakdown in bitcoin\u2019s correlations with major assets, including the precious metal and US equities, indicating that the cryptocurrency is no longer moving closely alongside any of them. This major change materialized over the past several days, after BTC rebounded from the dip to $75,000 following the failure of the CLARITY Act vote<\/a> and surged to a multi-month peak of over $87,000.<\/p>\n The shift is quite striking because the opposite narrative, especially when compared to gold, dominated only a few weeks ago. As reported<\/a> in early September, BTC\u2019s 90-day correlation with the precious metal had climbed above 0.50 for the first time in approximately six years. The relationship with the Nasdaq 100, though, had dropped toward the 0.30-0.33 range, prompting suggestions that investors were treating bitcoin less like a high-beta tech asset and more like a scarce monetary hedger.<\/p>\n That interpretation made a lot of sense at the time since BTC and gold both benefited and rallied<\/a> from renewed concerns over government debt, deficits, and currency debasement, while equities struggled to keep pace. However, that relationship has proved far less durable than it initially appeared, as gold has remained at essentially the same levels, while bitcoin has posted<\/a> major gains.<\/p>\n Bitcoin Has Completely Broken Away From Stocks & Precious Metals<\/p>\n Bitcoin\u2019s market cap has grown by +36.0% since August 18, dramatically separating from the S&P 500\u2019s +0.8% and gold\u2019s -1.5% performances in that same time. The breakout began as smaller 0.1-10 BTC holders\u2026 pic.twitter.com\/L8UaFfSsZS<\/a><\/p>\n \u2014 Santiment Intelligence (@SantimentData) September 23, 2026<\/a><\/p>\n\n The reversal speed is arguably more significant than the absolute correlation numbers, as BTC\u2019s strengthening relationship with gold was one of the market\u2019s more notable macro developments just three weeks ago. The data from this week, though, complicates that narrative, as bitcoin has continued advancing even as the precious metal has pulled back from recent highs. At the same time, US stocks have followed their separate trajectory.<\/p>\n The cryptocurrency also absorbed both major negative developments from last week \u2013 the Fed\u2019s hike<\/a> and the CLARITY Act setback, before it rose above $87,000.<\/p>\n None of this means that BTC has permanently decoupled from macro markets. Its historical correlations have repeatedly shifted depending on liquidity, monetary policy, and investor positioning, but the data now shows that it doesn\u2019t move like digital gold, a leveraged tech stock, or an anti-dollar trade; BTC moves on its own.<\/p>\n The post Bitcoin Just Broke Its Correlation With Gold, Stocks, and the Dollar: What Changed?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s relationship with traditional markets has changed sharply in a matter of weeks, with Santiment data showing that its correlations with stocks, the greenback, and even gold have all weakened. The part with gold is particularly interesting, as both assets recently moved at the same pace, but BTC now appears to be trading far more […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-231202","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/231202"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=231202"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/231202\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=231202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=231202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=231202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Independent Trade?<\/h2>\n