Bitcoin’s correlation with gold hits lowest level in a year post Donald Trump victory

Bitcoin’s correlation with gold prices has fallen to its lowest level in nearly a year following Donald Trump’s recent election victory on Nov. 5.

According to K33 Research, the 30-day correlation between Bitcoin and gold stands at -0.36, its lowest level since December 2023. In correlation terms, a value of 1 signifies a perfect positive relationship, where both assets move in tandem, while -1 reflects a perfect negative correlation, indicating they move in opposite directions.

Bitcoin and Gold Correlation (Source: K33 Research)

Historically, Bitcoin and gold have often moved independently. This lack of consistent alignment is evident in recent price movements, with BTC reaching new highs toward $90,000 as gold prices declined.

This trend suggests that investors favor BTC over traditional safe-haven assets like gold. A key driver of this shift is the belief that a second term for Trump could provide regulatory clarity, fueling growth for Bitcoin and the broader crypto market.

So, as BTC gains recognition as “digital gold,” its appeal as a hedge against inflation and economic uncertainty continues to attract institutional and retail investors. Gold, meanwhile, may be losing traction as some investors reallocate funds to BTC, drawn by the prospect of higher returns in the burgeoning digital asset space.

The post Bitcoin’s correlation with gold hits lowest level in a year post Donald Trump victory appeared first on CryptoSlate.

  • Related Posts

    Democrat lawmaker calls on Treasury to abandon Trump’s Bitcoin reserve plans

    Rep. Gerald E. Connolly, the Ranking Member of the House Oversight and Government Reform Committee, urged the US Treasury Department to abandon plans to establish a strategic Bitcoin reserve and…

    Continue reading
    REX introduces BMAX ETF for Bitcoin-backed corporate bond access

    REX Shares has launched the Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, designed to give investors access to convertible bonds issued by companies using debt to acquire Bitcoin. The fund,…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Democrat lawmaker calls on Treasury to abandon Trump’s Bitcoin reserve plans

    Democrat lawmaker calls on Treasury to abandon Trump’s Bitcoin reserve plans

    Tether to benefit greatly from current US stablecoin regulation

    Tether to benefit greatly from current US stablecoin regulation

    Orbis86 Brings AI & Web3 to GDC 2025 – Powering the Next Era of Gaming

    Orbis86 Brings AI & Web3 to GDC 2025 – Powering the Next Era of Gaming

    REX introduces BMAX ETF for Bitcoin-backed corporate bond access

    REX introduces BMAX ETF for Bitcoin-backed corporate bond access

    Bitcoin’s rise turns 2017 theft into multimillion-pound scandal for UK officer

    Bitcoin’s rise turns 2017 theft into multimillion-pound scandal for UK officer

    Bitcoin outperforms tech stocks as US market opens to sea of green

    Bitcoin outperforms tech stocks as US market opens to sea of green