Gold’s Record High Breaks the Gold-Bitcoin Correlation: Altcoin Season Fuels Market Shifts

A new record high for gold has shattered the traditional link between gold and Bitcoin, as altcoin season emerges with newfound momentum. This unexpected development comes amidst signs of increased liquidity in markets, prompting a shift away from Bitcoin towards other digital assets. 200-day correlation patterns are no longer holding true. While gold continues its upward climb, Bitcoin’s performance has stagnated, sparking concerns about potential short-term weakness.