Bitcoin-gold correlation hits six-year high as NASDAQ LINK weakens

Bitcoin's price correlation with gold has risen to a six-year high while its correlation with the NASDAQ has weakened. Reports link the shift to broadening risk-off flows and increasing store-of-value narratives around BTC. For Bitcoin, this implies reduced diversification benefits versus equities and greater sensitivity to macro factors that drive gold, such as real yields and safe-haven demand. If sustained, the trend could draw investors treating BTC more like an inflation or risk-off hedge but also increase exposure to shifts in global risk sentiment.