Bitwise: Bitcoin Correlates with Gold at Record Levels

By: incrypted.com|2026/09/03 13:24:48
0
Share
copy
Prefer us on GooglePrefer us on Google

The three-month correlation between Bitcoin and gold has reached its highest level since 2020. Bitcoin has risen by 22.4% over the week, while gold has increased by approximately 5%. Bitwise's Director of Research in Europe, Andre Dragosh, noted that Bitcoin is exhibiting properties of a safe-haven asset amid risks of dollar depreciation. August has been a significant month for macroeconomic markets, as U.S. Treasury Secretary Scott Bessent increased purchases of long-term bonds. Dragosh emphasized that the high correlation between Bitcoin and gold was observed following extensive fiscal stimulus during the COVID-19 pandemic. The correlation of Bitcoin with the stock market has dropped to a yearly low, indicating a divergence in dynamics. There is also a negative correlation between Bitcoin and the U.S. Dollar Index (DXY). Dragosh believes that Bitcoin may transition from a category of risk assets to assets for hedging currency depreciation, which would alter the demand structure for cryptocurrency.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

S&P Dow Jones Partners with French Kaiko to Launch a Series of Crypto Indices

Chairman of Solana Foundation: The Internet Capital Market Will Become the Largest Capital Market

Tokenization is not just expanding access to various tokens; it is fundamentally changing the ways value is created, held, financed, and flowed.

European Savings Confiscation: Is State Appropriation of Private Assets Inevitable?

Bahrain Leads the Race for Stablecoins in the Middle East, But Where Are the Coins?

Three months later, no coins have been issued, and the company has not publicly communicated when it will do so. None of the Hong Kong licensees have done so either, five months after approval.

Google Escapes Breakup, but Will Face New Rules

Behind the $399 Machine Duck Sales Boom: How Shenzhen Became the 'Hardware Base' for Physical AI?

...
WEEX Stock Spot 2.0: Share 100,000 USDT
Choose your stock, get first-trade loss protection, and share up to 300 USDT.
WEEX Stock Spot 2.0: Share 100,000 USDTStart with 5 USDT

Latest articles

09/03/2026

S&P Dow Jones Partners with French Kaiko to Launch a Series of Crypto Indices

09/03/2026

Chairman of Solana Foundation: The Internet Capital Market Will Become the Largest Capital Market

Tokenization is not just expanding access to various tokens; it is fundamentally changing the ways value is created, held, financed, and flowed.
09/03/2026

European Savings Confiscation: Is State Appropriation of Private Assets Inevitable?

FLOWFLOW
--
MOVEMOVE
--
BTCBTC
--
09/03/2026

Bahrain Leads the Race for Stablecoins in the Middle East, But Where Are the Coins?

Three months later, no coins have been issued, and the company has not publicly communicated when it will do so. None of the Hong Kong licensees have done so either, five months after approval.
TT
--
CROSSCROSS
--
09/03/2026

Google Escapes Breakup, but Will Face New Rules

JSTJST
--
More

Latest coin listings on WEEX

Community
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com