Bitcoin shows near-zero correlation with rising bond yields, diverging sharply from gold

Bitcoin has shown near-zero correlation with rising bond yields, sharply diverging from gold, which has typically weakened as yields increase. The divergence suggests Bitcoin’s price is currently being driven more by crypto-specific factors and market positioning than by traditional macro relationships. Its behavior may indicate growing independence from conventional safe-haven and interest-rate dynamics, though it also limits the reliability of gold and bond-yield signals for forecasting Bitcoin.