Bitcoin decouples from AI stocks as gold correlation hits 0.57
Q2 correlation with the S&P 500 fell to 0.12 while the link with gold rose to 0.57, leaving Bitcoin exposed to whatever oil does to real yields before the Fed's July 29 decision.
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Q2 correlation with the S&P 500 fell to 0.12 while the link with gold rose to 0.57, leaving Bitcoin exposed to whatever oil does to real yields before the Fed's July 29 decision.
The week's tape runs straight through the Fed's hand: CPI on Tuesday, China GDP and PPI on Wednesday, then jobless claims. Five money-center banks report alongside.
Dovish Warsh comments at Sintra flipped the script: BTC is back above $60K, liquidations flipped long, and smaller tokens are leading, the kind of breadth that has historically marked durable bottoms.