Bitcoin correlation with stocks and gold flips from March

Bitcoin’s 90-day correlation with the Nasdaq-100 and gold has reversed from March, according to Glassnode. In March, Bitcoin’s 90-day correlation coefficient with the Nasdaq-100 stood at 0.57, while its correlation with gold was 0.21. As of Sept. 7, those figures had flipped, with Bitcoin’s correlation with the Nasdaq-100 falling to 0.22 and its correlation with gold rising to 0.57.