BTC / Gold Correlation

Exploring the Correlation Between Bitcoin and Gold

In the world of modern finance, Bitcoin and Gold are often seen as alternative stores of value. But how closely do they actually move together? Our new BTC-Gold Correlation Dashboard helps you explore just that.

What We Did

We pulled daily price data for Bitcoin and Gold over the last 180 days. Using Z-score normalization, we aligned both assets onto a common scale to highlight behavioral trends.

We then computed the cross-correlation sequence between the two series to determine if one asset tends to lead or lag the other over time.

Key Insights

• Bitcoin and Gold show moderate correlation, consistent with their roles in volatile economic climates.
• The peak cross-correlation appears at a negative lag, suggesting that Gold often leads Bitcoin.
• This may imply macroeconomic trends impacting Gold prices could also influence Bitcoin shortly after.

See the full interactive charts here →
and more general information on time series normalization techniques.