Gold reached a record high of $3,485 per ounce following U.S. President Donald Trump’s comments on inflation, while Bitcoin fell to a two-month low of $107,290. This divergence marks a breakdown in the previously strong correlation observed between gold, Bitcoin, and the Nasdaq over the past two and a half years. Analyst Tony Sycamore highlights Bitcoin's dual perception; it is seen both as a safe haven and a risk asset, impacting its relationship with gold. Vince Yang, co-founder of zkLink, observed that they often balance each other out instead of moving together. However, there's speculation that the correlation might realign in the future under specific economic conditions. Additionally, historically, Bitcoin has rallied within 100-150 days following gold hitting new all-time highs, suggesting that Bitcoin often lags gold’s performance. This behavior underlines Bitcoin's evolving nature in the crypto market.

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