According to Fox News, scientists have discovered significant gold deposits within Hawaiian volcanic rocks, a finding that could influence global gold supply and trading strategies (source: Fox News, May 27, 2025). For cryptocurrency traders, this breakthrough may impact Bitcoin and gold-backed token sentiment, as changes in physical gold supply historically affect digital asset correlations and market hedging strategies. Monitoring gold price volatility and its effect on crypto market dynamics is advised for optimal trading decisions.

According to Milk Road (@MilkRoadDaily), Bitcoin’s 30-day correlation with gold has dropped to -0.54, the lowest level since February 2025. This significant negative correlation indicates that investors are currently treating BTC as a risk-on asset rather than a traditional safe haven. However, the broader trend shows a 90-day correlation of +0.39, suggesting that over longer periods, Bitcoin still maintains some alignment with gold as a store of value. Crypto traders should monitor these correlation shifts closely, as they can impact BTC’s price volatility and its relationship with macroeconomic events. Source: Milk Road on Twitter, May 19, 2025.

According to glassnode, Bitcoin's short-term correlation to gold has dropped sharply to -0.54 over the past 30 days, marking the lowest level since February 2025. This negative correlation signals that Bitcoin and gold are moving in opposite directions in the near term, which may encourage traders to consider Bitcoin as a distinct asset class for portfolio diversification. However, the 90-day and 365-day correlations remain positive at 0.39 and 0.60, respectively, indicating that, over longer timeframes, Bitcoin and gold still share some directional alignment. These shifting correlation dynamics are crucial for crypto market participants evaluating risk and seeking optimal hedging strategies, especially as volatility persists across both markets (source: glassnode on Twitter, May 19, 2025).