Bitcoin Drops Below $85K as Gold Hits New All-Time High

Gold has just hit a new all-time high, surpassing $3,051 per ounce, while Bitcoin is experiencing a decline. In the last one month alone, Bitcoin has dropped by over 15%

Gold has just hit a new all-time high, surpassing $3,051 per ounce, while Bitcoin is experiencing a decline. In the last one month alone, Bitcoin has dropped by over 15% and is now trading at $83,209, which is 24% below its peak of $108,786 in the year 2025.

While Bitcoin is often compared to gold and dubbed as "digital gold," its recent performance is quite far from gold's safe-haven status. However, the price of Bitcoin appears to have a correlation with U.S. tech stocks more, when there is macroeconomic and geopolitical risk.

On the other hand, gold has remained a safe haven instrument, especially with the increasing tensions around the world, such as the recent violation of the truce between Israel and Hamas.

This is because as geopolitical risks rise, traders turn to gold, thus causing the price of gold to rise even higher. The difference in their performance may be attributed to President Trump's trade war policies and the market's response to tariffs on key trading partners.

Although Trump has kept supporting crypto with the decision to add Bitcoin as a reserve, the current market volatility discourages investors from investing in high-risk assets like BTC.

According to Bloomberg's Eric Balchunas, Bitcoin is yet to grow to become a stable asset. For now, it is fluctuating like a technology stock rather than the 'digital gold' that people expect it to be.

Thus, while gold is a bright star, the prospects of Bitcoin as an asset similar to gold remain questionable—at least for the time being.

Also Read: White House Calls Bitcoin ‘Digital Gold’ in Trump’s Executive Order