Bitcoin Slides as Gold Gains, Pointing to Shift Toward Safe-Haven Metals

Gold Hits New Highs as Bitcoin Slides, Signaling Profit Rotation Into Metals
22 September 2025

Safe-haven flows propelled gold to record levels on Monday while Bitcoin experienced a pullback, highlighting a shift in investor allocations.

Market Highlights

Gold rose 1% to $3,721, marking another all-time high and boosting its year-to-date gain to 43%.
Bitcoin (BTC) fell 3% to $112,000, trimming its 2025 gains to 17%. The timing suggests some profits from bitcoin liquidations may have rotated into gold.

Divergence Between Assets
Although Bitcoin is often viewed as “digital gold,” the two assets rarely move in tandem. This week’s divergence is notable, with gold climbing as Bitcoin declined.

Silver and Other Metals

Silver advanced 1.5% to $44, approaching its third-highest level since 1975, with a year-to-date gain exceeding 50%.

Macro Context
Following the Federal Reserve’s 25-basis-point rate cut on September 17, both gold and the S&P 500 have risen about 1%. Meanwhile, U.S. Treasury yields increased, with the 10-year at 4.125% (+2.5%) and the 30-year at 4.7% (+2%).

The U.S. dollar strengthened, with the DXY index up 1% to 97.5, typically exerting pressure on risk assets. Bitcoin has dropped over 3.5% since the Fed’s move, reinforcing a rotation of capital into traditional safe-haven metals.