Gold set the best newest ever while Bitcoin was falling: What’s going on?

Despite being often referred to as a form of “digital gold,” Bitcoin is not traded like the real thing. Instead, they are trading along US stocks, particularly high-tech stocks, as macroeconomic uncertainties attract traders.

But it is a gold that has traditionally held its status. Safe-Haven Asset, Tuesday strike New record price above $3,047 per ounce news Israel broke a ceasefire with Hamas.

In contrast, Bitcoin has dropped by almost 3% over the last 24 hours, Coingecko data show. And over the past month, this photo has become even more odd. Assets are attracting more than 15% of attention.

Bitcoin is currently trading at $81,967. It’s 25% below the all-time hit on President Trump’s day Founded.

The Chief’s new commander campaigned on supporting the digital asset industry and reducing regulations.

And so far, the president has stuck to his promises – amidst other pro-crypto moves, he has coordinated an executive order to establish a strategic Bitcoin reserve, but has resulted in unpredictable announcements of tariffs on key trading partners and selling “risk-on” assets, including Bitcoin and Tech Stocks by top NASDAQ.

Bitcoin prices have been moving in line with gold in the past. Between Banking crisis In 2023, the correlation with the biggest cryptocurrency with tech stocks fell and began to move along with precious metals as speculators flocked to their storage investments.

It may not be that today, but Bloomberg ETF analyst Eric Bulknath said Decryption That assets still require time to mature into something with more predictable market movements.

“Too young to settle,” he said. “It burns all this potential growth, so I think it just works like a tech stock.”

Does the orange coin reach that possibility as its supporters ultimately describe it as “digital gold”? For at least for now, they are still acting like very different assets.

edit Andrew Hayward