Bitcoin’s correlation with stocks, the U.S. dollar and gold has weakened sharply in recent weeks, according to Santiment data, leaving the cryptocurrency moving more independently of major traditional assets. Bitcoin’s market capitalization has risen 36.0% since Aug. 18, compared with a 0.8% gain for the S&P 500 and a 1.5% decline for gold. The divergence followed Bitcoin’s rebound from a dip to $75,000 after the CLARITY Act vote failed, taking it above $87,000. The shift reverses a trend seen in early September, when Bitcoin’s 90-day correlation with gold rose above 0.50 for the first time in approximately six years, while its correlation with the Nasdaq 100 fell toward 0.30-0.33. At that time, Bitcoin and gold both benefited from concerns about government debt, deficits and currency debasement, supporting the view that investors were treating Bitcoin as a scarce monetary hedge rather than a high-beta technology asset. That relationship has since weakened as gold remained essentially at the same levels while Bitcoin advanced. Bitcoin also absorbed the Federal Reserve’s rate hike and the CLARITY Act setback before rising above $87,000. Santiment’s data does not establish a permanent break from macro markets, whose historical correlations with Bitcoin have shifted with liquidity, monetary policy and investor positioning, but the latest moves show the asset is not currently tracking digital gold, leveraged technology stocks or an anti-dollar trade.