Bitcoin decouples from NASDAQ, aligns more with gold

Recent analysis shows Bitcoin has decoupled from its prior strong correlation with the NASDAQ and is moving more in line with gold. The shift suggests Bitcoin's returns are becoming more sensitive to macro drivers—real interest rates and inflation expectations—rather than equity risk-on dynamics. As a result, investors may increasingly treat Bitcoin as a store-of-value or inflation hedge, prompting adjustments in portfolio allocation and hedging strategies. This reclassification could reduce equity-driven trading flows but make Bitcoin more responsive to monetary policy and macroeconomic data.