Bitcoin outperforming gold and equities in September, while correlations climb

After Tuesday’s morning relief in crypto, BTC is in the green in September, outperforming equity indexes and gold. While BTC has outperformed U.S. equities and gold in September, correlations have grown towards July highs.
Source: Tradingview

BTC is up 0.8% in September versus the USD and has outperformed both U.S. indexes and gold.

Among major macro indices, the dollar strength index (DXY) is the only index seeing better returns than BTC. However, BTC’s performance is gauged versus the USD. Thus, while the dollar outperforms other major currencies, BTC has outperformed the USD this month.

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