Over the past 90 days, Bitcoin has broken away from US tech stocks, with its correlation to the Nasdaq 100 dropping from 60% to 33% while its correlation with gold exceeded 50%, according to a Grayscale report and Glassnode data. This trend coincides with record US federal debt surpassing $40 trillion, as investors seek assets that protect their capital against monetary erosion. Bitcoin is currently trading around $76,984, down 1.11% over 24 hours but up 22.8% over the past month. Analysts remain cautious: BTC volatility remains higher than gold’s, and the digital gold status will need to be confirmed during the next major macro shock.
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