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Bitcoin's 90-day correlation with gold hits highest since 2014 as its link to Nasdaq weakens.

Market News
28 Oct 2026, 03:32 WIB
Tokenpost
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Bullish
Bitcoin's 90-day correlation with gold hits highest since 2014 as its link to Nasdaq weakens.

Bitcoin's 90-day correlation with gold rose to 54%, the strongest since 2014, while its correlation with the Nasdaq-100 dropped to 33%, near a one-year low. This shift coincided with gold's 7% decline over the past month and a weakening U.S. dollar strength index correlation. Research suggests the change began after the U.S. Treasury expanded bond buybacks in June, boosting gold and Bitcoin in August. Analysts expect November and December to be bullish for risk assets, with crypto potentially outperforming amid U.S. midterm elections.

Bitcoin-Gold correlation trends provide context for readers following crypto and precious metals. On Pluang, 31 of 50 major cryptocurrencies rose while 18 fell, with EGLD up 3.66% and fully bought, CAKE down 2.83%, and SUSHI up 2.82% but fully sold. These figures are as of Oct 28, 2026 07:21 WIB.

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