Bitcoin (BTC/USD) is regaining momentum as a macro hedge, with its correlation with gold returning to positive territory. As of April 25, the 30-day Pearson correlation between Bitcoin and gold stood at 0.54—a sharp increase from a low of -0.67 in February.

This reversal reflects a renewed alignment between two key safe-haven assets amidst rising global uncertainty. In February, Bitcoin fell 17% from $102,000 to $84,000, while gold rose from $2,800 to $2,850. That divergence caused a rare dislocation in the correlation, but it turned out to be temporary.