Bitcoin and gold moving together is a change from most of September.
The two assets' correlation collapsed to 0.28 from 0.69 over 30 days, and they repeatedly diverged — Bitcoin holding above $83,000 on September 28 while gold fell to $4,144.
Gold carries roughly twice Bitcoin's sensitivity to the 10-year Treasury yield, at −0.41 against −0.17, which is why rate-driven sessions separate them.
A session where both rise on a softer inflation print is one where the rate channel is moving in the direction that helps both. It does not indicate the correlation has been restored.$BTC $ETH #OneGateWitnessProgram #AnthropicDiscloses$84.5BComputeDealWithSpaceX
The two assets' correlation collapsed to 0.28 from 0.69 over 30 days, and they repeatedly diverged — Bitcoin holding above $83,000 on September 28 while gold fell to $4,144.
Gold carries roughly twice Bitcoin's sensitivity to the 10-year Treasury yield, at −0.41 against −0.17, which is why rate-driven sessions separate them.
A session where both rise on a softer inflation print is one where the rate channel is moving in the direction that helps both. It does not indicate the correlation has been restored.$BTC $ETH #OneGateWitnessProgram #AnthropicDiscloses$84.5BComputeDealWithSpaceX


