The correlation between bitcoin and gold has hit its highest since the 2020 mess while its nasdaq ties are fading hard 🖤.

Gold Ties Getting Cozy 🪙

This shift popped after that mid-august pump when the us treasury said it would double liquidity buybacks on old debt from $2 billion to $4 billion per move 🌸. Btc shot from under $65,000 to over $80,000 in days while gold climbed from $4,350/oz to $4,700/oz before getting rejected 💀. The kobeissi letter crew pointed out how btc’s gold correlation kicked into high gear right after that treasury action with folks stacking both as shields against fiat rot even as gold gave back most gains 🕸️. Grayscale’s zach pandl backed it noting the btc-gold link jumped from near zero early in the year to over 50% while nasdaq vibes headed the other way. US debt smashing past $40 trillion plus endless deficits and fiat worries have the debasement trade back in the spotlight 👁️. Both btc and gold’s tight supply makes them hot under that view despite btc’s wild swings.

Nasdaq Drift Getting Real 📉

On the flip btc’s 90-day nasdaq 100 correlation dropped from over 60% to around 30%-33% 🦇. That’s a huge flip from back when btc acted like some turbo tech stock mooning with growth names on easy money and crashing otherwise. The august pump showed the opposite with btc up over 20% in days while stocks lagged 🐈‍⬛. This split hints investors now prize btc’s scarcity and money vibes over just calling it another risk bet. Still the change isn’t total since friday’s reaction to hot jobs data showed both dipping together a bit.
https://x.com/KobeissiLetter/status/2096269626015629679
https://x.com/WuBlockchain/status/2096428072908231102

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin tried and failed multiple times to shatter that key 80000 level yet the real mystery is why it hasn’t crashed way harder lately.

BTC Should Be Absolutely Crumbling 🦇

After all the macro vibes feel super unbullish right now with fresh US Iran clashes the hawkish fed and those surprisingly solid jobs numbers. The latest drama hit this weekend as both sides exchanged fresh attacks once Iran’s revolutionary guard fired ballistic missiles at two US navy vessels. The US hit back on three Iranian crude carriers while the middle east nation struck tankers and US linked ships around the strait of hormuz.

exchanged fresh attacks after Iran’s Revolutionary Guard launched ballistic missiles against two US Navy vessels

— HormuzReport (@HormuzReport) link

This escalation hits way past politics as brent crude pushed toward 100 per barrel again sparking worries over energy flows 🖤. Higher oil prices directly boost inflation making the feds choice next week even tougher. The US central bank turned into another headache for btc after chair kevin warsh went full hawkish at jackson hole last week stressing inflation stays too elevated and the fed might still need more work.

Rate Hike Odds Just Exploded 💀

September rate hike chances surged after his speech and climbed higher following fridays jobs report which revealed the us economy added 162000 jobs in august nearly triple the 56000 expected while unemployment held steady at 4.1 percent. Though solid for the economy risk assets like btc suffer as dreams of loose policy fade amid rising inflation 🌙. September rate hike odds peaked at 65 percent the two year treasury yield hit its highest since january 2025 the dollar strengthened and stocks faced pressure 🕸️. Bitcoin fell 3000 at first then bounced back quick.

Still Absorbing All The Bad Vibes 🔮

Everything above paints a nasty scene for risk on plays like btc yet it chills at 80000 even through the weekend when middle east attacks restarted and sits up about 25 percent over the past month. Some of the reason btc looks this strong comes from etf flows those funds keep sucking in huge cash with thursday as a standout example over 730 million poured into the etfs marking the biggest single day since january 🩸. Even wilder gold dropped a big chunk of its mid august gains while btc stays firm though nothing guarantees it stays safe forever in fact two big threats loom in the next 10 days or so 🐈‍⬛. First comes the cpi drop on september 11 a hotter read especially with oil climbing could shove rate hike bets even higher then the fomc meeting wraps on september 16 a rate bump paired with more hawkish talk from warsh might finally crack btcs key supports.

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin’s been super sluggish all weekend long, barely fighting to hold above 80k without any big swings at all. 💀🖤

BTC Hovering Near That 80k Mark 🕸️

The main coin wrapped up August with its first green close in this bear phase, pumping over 25% for the whole month even after dipping from 79k down to 77k on Monday from those US-Iran strikes kicking back up. It bounced quick back to 79k but got rejected Tuesday and slid under 76.5k by Wednesday before the bulls came in strong for a huge run to 82.4k, the highest since mid-May. Then that strong US jobs report on Friday triggered a big drop, with bitcoin slipping 3k as Fed rate hike odds soared, yet it still rebounded from 78.6k and settled around 80k for most of the weekend despite tons of bearish stuff piling up. Market cap’s sitting at 1.6 trillion on CMC with dominance easing to 59.1%.

Alt season vibes are hitting different tho with some coins absolutely mooning. 🌸🦇

ZEC And ARB Going Wild With Gains 🕷️

Ethereum’s creeping back toward 2.5k after a 1.75% daily bump while BNB sits below 760 after tapping 770 yesterday, XRP holding 1.4 support strong and SOL chilling well over 100 again. HYPE, DOGE, RAIN, XMR, LINK and ADA all showing similar upside moves too. UNI jumped to 7 after a 10% lift, ZEC pushing close to 1.2k for the first time in almost a decade with that 17% surge, and Arbitrum’s token stole the spotlight by rocketing 42% to over 0.19. Total crypto market cap holding just over 2.7 trillion on CMC after a 0.8% uptick since yesterday.

Total market staying steady while alts feast, feels like chaos brewing for next week. 🕯️✨

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Just another echo from the void by iconofsin.eth 💖

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The Clarity Act just snagged a sweet boost before its first Senate floor showdown originally slated for September 15 but now some fresh scheduling drama is straight up haunting its odds of turning into law this year. 💀

NSA Turns Neutral 🖤

In their filing to the US Senate the agency dropped this vibe check showing the right move is to chill out and let the legislative process roll because the bill is complex af and the negotiations are still cooking.

This flip is huge since law enforcement worries were blocking some Senate Dems whose votes could decide if it cruises forward. Even though the NSA isn’t full sending support their shift from full opposition to neutral yanks away one more roadblock for those senators thinking about backing it.

Another Setback 🌑

House Republican leaders straight up canceled voting sessions for the weeks of September 21 and 28 ripping eight legislative days off the calendar and now the House is dipping out of DC on September 17 just two days after the Senate’s first procedural vote. This fresh timeline leaves zero room for Senate haggling before everyone pivots to the November midterms. That makes a post election lame duck session via this link a way more realistic path if it clears the Senate. Galaxy Research already slashed their odds the Clarity Act passes into law in 2026 from 50% down to 30% after the Senate missed the vote before August recess. Prediction markets are looking even gloomier with passage odds chilling below 20%. 🕷️ 🦇 👀 🔥 📉 🪙 💸 🌙

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Just another echo from the void by iconofsin.eth 💖

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