{"id":23520,"date":"2025-04-29T19:00:00","date_gmt":"2025-04-29T16:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-correlation-with-gold-surges-after-februarys-decoupling\/"},"modified":"2025-04-29T19:00:00","modified_gmt":"2025-04-29T16:00:00","slug":"bitcoins-correlation-with-gold-surges-after-februarys-decoupling","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoins-correlation-with-gold-surges-after-februarys-decoupling\/","title":{"rendered":"Bitcoin&#8217;s Correlation with Gold Surges After February&#8217;s Decoupling"},"content":{"rendered":"<p>The 30-day <span data-descr=\"linear correlation coefficient measuring the linear dependence between two data sets\" class=\"old_tooltip\">Pearson correlation coefficient<\/span> between Bitcoin and gold has reached 0.54, nearing the annual high of 0.73. This may indicate a strengthening narrative of Bitcoin as a safe-haven asset among investors, researchers at <a href=\"https:\/\/www.theblock.co\/post\/352245\/btc-gold-correlation-rebounds-sharply-after-februarys-decoupling-collapse-echoing-historic-cycles\">The Block<\/a> noted.<\/p>\n<p><!--more--><\/p>\n<p>This increase in interdependence followed a notable decoupling of the leading cryptocurrency from the precious metal in February. During that time, the 30-day correlation plummeted from 0.73 to -0.67 over three weeks.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/crypto-markets\/prices\/btc-pearson-correlation-30d\/embed\" title=\"BTC Pearson Correlation (30D)\"><\/iframe><\/p>\n<p>At the beginning of February, Bitcoin was trading around $102,000, while an ounce of gold was priced at $2,800. By the end of the month, the cryptocurrency had fallen to $84,000, and the precious metal had risen to $2,850.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThis divergence caused a sharp drop in correlation, with Bitcoin falling more than 17% while gold rose nearly 2%,\u201d analysts noted.<\/cite><\/p><\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"454\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-29-104828-1024x454.png\" alt=\"Snimok-ekrana-2025-04-29-104828\" class=\"wp-image-257744\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-29-104828-1024x454.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-29-104828-300x133.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-29-104828-768x340.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-29-104828-1536x681.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-29-104828.png 1552w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin and gold price charts. Data: <a href=\"https:\/\/bitcoincounterflow.com\/charts\/bitcoin-gold-sp500\/\">Bitcoin CounterFlow<\/a>.<\/figcaption><\/figure>\n<p>Since then, the correlation coefficient between these assets has significantly recovered, rising from -0.67 to 0.52. The likely reason for this &#8220;re-coupling&#8221; is <a href=\"https:\/\/forklog.com\/en\/news\/trump-declares-liberation-day-with-new-tariffs\">\u201cliberation tariffs\u201d<\/a>, which contribute to increased macroeconomic uncertainty and a decline in the <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%98%D0%BD%D0%B4%D0%B5%D0%BA%D1%81_%D0%B4%D0%BE%D0%BB%D0%BB%D0%B0%D1%80%D0%B0\">dollar index<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">History Repeating?<\/h2>\n<p>Examining historical patterns, the &#8220;reunion&#8221; of Bitcoin with gold can be seen as a cyclical phenomenon. Experts at The Block have counted 18 instances since 2020 when the correlation coefficient between Bitcoin and gold dropped below -0.50 or approached this mark.<\/p>\n<p>In 17 episodes, the indicator recovered within seven days. The sole exception was December 2022, when it took just over two weeks to return to initial values.<\/p>\n<p>Historically, whenever the correlation coefficient between Bitcoin and gold falls below -0.50, the cryptocurrency tends to &#8220;strongly reattach&#8221; to the metal. This process is often accompanied by a rise in correlation to 0.8 and above, after which the cycle of &#8220;decoupling&#8221; resumes.<\/p>\n<p>Back in 2020, researchers at NYDIG <a href=\"https:\/\/forklog.com\/en\/news\/nydig-highlights-bitcoins-strengthening-role-as-a-safe-haven-asset\">reported<\/a> on the strengthening of Bitcoin as a safe-haven asset following U.S. President Donald Trump&#8217;s &#8220;Liberation Day.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 30-day Pearson correlation coefficient between Bitcoin and gold has reached 0.54, nearing the annual high of 0.73. This may indicate a strengthening narrative of Bitcoin as a safe-haven asset among investors, researchers at The Block noted.<\/p>\n","protected":false},"author":1,"featured_media":23519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1169,536],"class_list":["post-23520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-correlation","tag-gold"],"aioseo_notices":[],"amp_enabled":true,"views":"50","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23520"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23519"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}