$APE
Cooling DownSnapshot Window: 2026-08-28 08:00 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 1, Retweets: 0, Likes: 2, Impressions: 67
Verbatim Community Citations & Social Evidence 1 source posts analyzed
UPDATE: Bitcoin's correlation with Nasdaq has dropped from over 60% to roughly 33% while its correlation with gold has climbed above 50%. This signals a shift toward its role as a scarce store of value, per Grayscale Head of Research Zach Pandl.
![]()
AI visual note: A line chart showing rolling 90-day correlations from August 2025 to August 2026, where Bitcoin's correlation with the Nasdaq (NDX Index, dark line) has fallen from above 60% to about 33%, while Bitcoin's correlation with gold (XAU, orange line) has risen from negative territory to above 50%, illustrating the post's point about Bitcoin's evolving role as a store of value. Data sourced from Bloomberg and Grayscale Investments as of August 24, 2026.