Bitcoin has shown lower correlation with US 10-year Treasury yields than gold, according to data from Bitwise Investments. During the week following the announcement of an expanded Treasury bond buyback program on August 19, Bitcoin surged 22.4%, its strongest weekly gain since March 2024, while gold rose approximately 5%. US gross federal debt surpassed $40 trillion in August 2026, reaching approximately $40.13 trillion. The 90-day correlation between Bitcoin and gold exceeded 0.5 as of late August 2026, the highest level in six years, after being near zero earlier in the year, illustrating the instability of these relationships.
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