BITCOIN-GOLD CORRELATION HITS 6-YEAR HIGH

Summary from the TLDR Crypto newsletter

Bitcoin's 90-day correlation with gold hit its highest level since 2020 during the latest Treasury bond selloff, with bitcoin gaining 22.4% in a week, as yields rose and the dollar weakened. Bitwise frames this as bitcoin trading like "amplified gold" amid currency-debasement fears. Bitcoin's correlation to the S&P 500 fell toward zero over the same period, but similar equity decouplings during bond selloffs have historically been short-lived rather than structural. Bitcoin has since pulled back from an $80K+ peak to around $77,600, with long-term holder supply clustered between $83K-$86K and an accumulation floor around $62K-$65K.