Recent market dynamics have shed light on evolving relationships between Bitcoin and traditional financial benchmarks. Analysis indicates that since June this year, there has been a noticeable decrease in the correlation between Bitcoin and the Standard & Poor’s 500 Index. This suggests that during this period, Bitcoin market performance no longer closely mirrored the fluctuations of the S&P 500 Index as it did previously. Moreover, the correlation between Bitcoin and gold has also significantly decreased, possibly reflecting investors’ pursuit of more diversified risk management strategies across different asset classes. As global financial landscapes and the growth of the cryptocurrency market continue to evolve, such changes in correlation warrant ongoing attention from market participants.