Bitcoin Holds Steady As Gold Shed Trillions In Value — What This Means

In one of the most striking moments of this cycle, gold has lost trillions in market capitalization, a drawdown larger than the entire value of Bitcoin ￰0￱ metal that once symbolized stability is now showing cracks, while BTC, the asset branded as volatile, has remained remarkably ￰1￱ It Means For Bitcoin Next Market Cycle For decades, gold has been hailed as the ultimate safe-haven, and it has been rock-solid. However, a seasoned financial analyst, Tom Tucker, has revealed on X that Gold, the world’s oldest store of value, has lost $2.5 trillion in market value, which is more than the entire Bitcoin market ￰2￱ Reading: Bitcoin Supercycle? Jeff Park Says Gold’s $1 Trillion Gains Could Spark It Meanwhile, the crypto Fear and Greed Index is flashing extreme fear, signaling that sentiment across digital assets is near panic ￰3￱ Tucker warns that traders should stay cautious, as BTC could follow the gold path.

CryptoMichNL, the CIO and Founder of MNFund and MNCapital, has observed that gold has printed a harsh move, as it corrected by more than 8% in a single ￰4￱ the same time, Bitcoin moved up massively, but later gave back most of its ￰5￱ to CryptoMichNL, this turbulence in gold is not a lasting ￰6￱ volatility of gold is extremely high, which is a direct consequence of its status as a massive outlier with an incredible parabolic run over recent ￰7￱ gold has indeed topped out, that would open the door for capital rotation towards other assets. However, a soft Consumer Price Index (CPI) print on the horizon should trigger the potential rate cuts and the end of the US government shutdown.

Otherwise, BTC’s consolidation might start running as risk-on ￰8￱ Bitcoin Will Extend Above Its Recent Consolidation Historically, Gold has seen sharp ￰9￱ Analyst at CoinDesk and Advisor at Coinsilium Group and ForzaBitcoin, James Van Straten, explained that the last significant gold correction took place in August ￰10￱ August 6, gold hit an all-time high of $2,035, only to drop 5% on August 11, and then enter a 20% correction that lasted roughly seven ￰11￱ Reading: Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says During that same period, Bitcoin was consolidating below $10,000 before surging to new highs that year, a move largely fueled by COVID-19-era stimulus, which acted as a powerful ￰12￱ forward to today, James Van Straten believes that as BTC’s current phase is consolidating above $100,000, it may extend ￰13￱ is due to strong parallels that gold has once again entered a significant correction, crypto liquidation events, the specter of a US government shutdown, looming rate cuts, and AI-driven capex expenditure, which continues to shape market sentiment and liquidity ￰14￱ image from Pixabay, chart from ￰15￱