Bitcoin may outperform gold and equities as year-end seasonality favors risk assets, analyst says
- —Bitcoin-gold correlation rose to 54%, the highest since 2014
- —Correlation with Nasdaq-100 fell from 59% in February to 33%
- —Gold has dropped 7% over the past month, briefly slipping below $4,000/oz
- —On gold's up days, bitcoin averaged a 1.1% gain versus gold's 1%
Why it matters: Shifting correlations could draw more capital into BTC during November and December, historically strong months for risk assets.
Source: Crypto Briefing