Bitcoin and Gold Show Diverging Short-Term Trends

Recent data from Glassnode reveals a shift in the short-term relationship between Bitcoin and gold, indicating diverging trends. The 30-day short-term correlation has become negative, registering -0.53. This indicates that Bitcoin and gold are trending independently rather than moving together for the time being. However, over longer periods of time, the long-term correlation remains positive at a steady 0.65, suggesting a lingering connection between the two assets.