Bitcoin Struggles While Gold Edges Closer to Record High
Bitcoin (BTC) remains under pressure, slipping back after an attempted rally on Thursday, while gold quietly advanced toward new all-time highs.
BTC briefly climbed above $113,000 during the session but gave up gains through the U.S. afternoon, ending near $111,800 — down about 0.7% in the past 24 hours. Ether (ETH) dropped 2.1% and XRP (XRP) lost 1.4%, while Solana’s SOL (SOL) outperformed, adding 3.1%.
Gold, meanwhile, extended its August surge, rising 0.8% on Thursday to $3,477 per ounce — just below the record $3,534 level touched earlier this month. The metal is now up nearly 4% this month, starkly contrasting bitcoin’s 5.2% slide.
Despite supportive macro conditions — including falling U.S. interest rates and a weaker dollar — bitcoin has failed to attract sustained buying interest, even as traditional safe-haven demand for bullion accelerates.
The divergence underscores shifting investor sentiment. While gold thrives on safe-haven flows, digital gold has struggled to regain traction after weeks of heavy selling.
Markets are now turning to September, when the Federal Reserve is expected to restart rate cuts. President Trump is also set to nominate one or two dovish policymakers to the central bank, potentially reshaping the Fed’s trajectory heading into the final months of the year.
About The Author
More Stories
Crude exported from the Middle East climbs above $100 per barrel. Here’s the potential impact on bitcoin.
Bitcoin’s pullback may persist as whale selling into retail accumulation points to a bearish market signal.
Despite behaving like a tech stock at times, bitcoin continues to offer portfolio diversification benefits, according to an analyst