Bitcoin quickly recovered his correlation with gold

The global financial market is going through a moment of high volatility and in this context Bitcoin (BTC) has recovered its synchrony with gold.

According to Pearson’s correlation coefficient, The prices of both assets have begun to move in parallel againwhile showing a low correlation with the main market shares, such as Nasdaq Composite and S&P 500 indices.

This behavior suggests a change in the perception of investors, who see in the digital currency a refuge comparable to precious metal, but not an asset aligned with the stock market.

The movement, driven by economic uncertainty and a escalation in commercial tensions, reaffirms that Bitcoin can be consolidated as the “digital gold.”

A rebound in correlation

Pearson’s correlation indicator, a statistical measure that evaluates the linear relationship between two variables, shows that Bitcoin and Gold have resumed a joint trajectory.

The measure occurs between -1 and 1. The closer to 1, the greater the correlation between the assets, while the -1 reflects contrary behaviors in the market, also known as negative correlation. Instead, indicates that there is little correlation.

Friday, April 25, The 30 -day Pearson correlation between both assets reached 0.54, approaching the annual maximum of 0.73. This rebound contrasts with the abrupt disconnection observed in February, when the correlation fell from 0.73 to -0.67 in just three weeks, according to Cryptocompare data.

On the contrary, the Pearson indicator reveals that Bitcoin maintains a significantly lower correlation with the Nasdaq Composite and S&P 500 stock market. While Bitcoin’s price shows a high correlation with gold, its relationship with these actions is weak, indicating that BTC movements are not following the trends in the share market. This divergence reinforces Bitcoin’s perception as an asset closer to gold than traditional actions.

At the beginning of February, Bitcoin was quoting around 102,000 dollars, while the ounce of gold stood at $ 2,800.

However, at the end of that month, the price of BTC collapsed to $ 84,000, a 17%drop, while gold rose slightly to $ 2,850, with an increase of almost 2%. This divergence marked a temporary break in the relationship between both assets.

However, since March, the correlation has experienced a significant recovery, from -0.67 to 0.59. This change coincides with a scenario of global economic uncertaintyunleashed by a escalation in commercial tensions.

Commercial tensions as catalyst

The commercial confrontation led by the United States has played a central role in this scenario.

In early April, President Donald Trump announced a regime of reciprocal tariffs on imports from more than 60 countries.

This movement triggered a wave of uncertainty in the financial markets and immediate responses of commercial partners, especially China.

On April 9, Trump granted a 90 -day break for most countries, except China, giving a term until July 2025 to negotiate trade agreements and avoid more severe tariffs.

The Trump administration intensified the pressure on China, imposing tariffs up to 245% on Chinese imports in response to retaliation measures of Beijing. This level includes progressive increases: an initial 104% tariff in April, which then rose to 145% and finally reached 245%.

In response, China has increased its tariffs on US products up to 125%applied to all imports from the USA. This level was reached after an initial increase of 34% to 84%, and then 125% in April.

Meanwhile, China has increased its gold reserves abroad to strengthen Yuan, a preparation signal against possible increases in economic turbulence.

Bitcoin resists and the dollar falls

In this context of uncertainty, Bitcoin has demonstrated resilience. After Trump’s announcement, baptized as the “Day of Liberation”, the price of BTC shot more than 10%.

The digital currency It went from stability around $ 85,000 to reach $ 95,000, a level that remains as resistance.

For its part, gold was not far behind, with a 5% rise that led him to mark a historical maximum of $ 3,500 per ounce last week.

Taking into account the behavior of gold, which has historically served as a refuge in times of uncertainty, Bitcoin alignment with this asset suggests a favorable panorama for digital currency.

The strength of gold in the market reinforces Bitcoin’s perception as a value reserve, which drives its attraction among investors.

On the contrary, the US dollar index has lost about 4% since the beginning of April. The value of the currency in front of the main Fíat (DXY) currencies stepped on the 97 points Last week, its minimum in three years. This reinforces Bitcoin’s attraction and gold as value reserves.

Bitcoin’s ETF rise and investing trust

This perception is reflected in capital movements: investment funds in digital assets, including Bitcoin, registered tickets of 3.4 billion dollars last week, the third largest weekly entry in history and the most significant since December 2024, as reported by cryptootics.

In the case of Bitcoin investment products, they attracted $ 3,180 million in the last week, carrying the total assets under management to 132,000 million dollars, a level not seen since February 2025.

Bitcoin’s listed funds (ETF) have acted as a market confidence thermometer. The managers of these products have accumulated large amounts of currencies to support their offers, generating a bull pressure in the price of BTC.

This massive capital flow, driven by commercial tensions and the weakness of the dollar, shows a change in the mentality of the big investors, who see in Bitcoin a tool to navigate economic uncertainty.

In addition, The comparison with gold as “digital gold” gains strength. Historically, both assets have been considered shelters against volatilityand the recent alignment of its prices reinforces this narrative.

Investors, fearful of uncertainty, are allocating significant resources to Bitcoin, which could consolidate an upward trend.