Bitcoin is outperforming stocks and correlating with gold just when it matters most

Bitcoin $BTC$79,627.45 is outperforming gold, the Nasdaq 100 index, the S&P 500 and other major asset classes just when it matters most.

The cryptocurrency’s price has surged 26% this month, according to CoinDesk data, and was recently around $79,200. Gold, meanwhile, has gained 13.8%, with the Nasdaq 100 and S&P 500 indexes adding 4.8% and 3.2%, respectively. Both hard assets lagged early this year but are now climbing faster than stocks, which are already at record highs after a strong run so far in 2026.

More importantly, TradingView data shows $BTC’s 30-day correlation with gold has climbed to +0.81, indicating a strong tendency for the two to move in tandem. In contrast, its relationship with the Dollar Index has deepened to -0.86, a sign it’s moved in the opposite direction to the greenback. At the same time, $BTC’s link with the Nasdaq has weakened.

The price outperformance, coupled with the positive correlation with gold and negative correlation with the DXY, underscores bitcoin’s appeal as a store of value and a hedge against fiscal and monetary imprudence.