Bitcoin market cap up 36% since Aug 18 as correlation with gold and stocks weakens

• —BTC market cap up 36% since Aug 18 vs +0.8% for the S&P 500 and -1.5% for gold
• —BTC correlation with Nasdaq 100 has dropped to 0.30–0.33
• —Earlier this month the 90-day BTC-gold correlation topped 0.50 for the first time in about six years
• —BTC held above $87,000 after the Fed rate hike and the CLARITY Act failure