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Bitcoin's correlation with Nasdaq drops while its link with gold rises, signaling shifting investor behavior.

Market News
30 Sep 2026
CoinMarketCap
View Source
Neutral
Bitcoin's correlation with Nasdaq drops while its link with gold rises, signaling shifting investor behavior.

Bitcoin's 90-day correlation with the Nasdaq-100 has decreased from 0.57 in March to 0.22 in September, while its correlation with gold increased from 0.21 to 0.57, indicating a shift in investor perception towards Bitcoin as a hedge like gold. This change reflects macroeconomic factors such as inflation fears and monetary policy, which influence how investors treat Bitcoin alongside traditional assets. Despite occasional breaks in correlation due to crypto-specific events, Bitcoin remains closely linked with major altcoins like Ethereum and XRP. Understanding these correlations helps investors build diversified portfolios and anticipate market moves.

Bitcoin trades at Rp1.495.112.122 on Pluang, down 1.12% in the last day, while Ethereum and XRP also show declines of 1.55% and 0.66% respectively. This trading activity occurs as Bitcoin's correlation with gold rises, highlighting its evolving role in portfolios. Data is current as of Sep 30, 2026 17:21 WIB.

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