Gold’s historic crash—down 9% in a single day while silver plunged 28%—did not trigger a new wave of selling in Bitcoin. Instead, BTC stabilized after its initial drop, even as precious metals capitulated.
What happened here is a shift in the typical “safe haven” narrative. According to Decrypt and Cointelegraph, gold and silver had just hit record highs before suffering a dramatic sell-off, triggered by a dollar rally when Trump nominated Kevin Warsh for Fed chair. During this chaos, Bitcoin actually held steady on the day of gold’s sharpest fall, despite having tumbled itself the previous day.
This divergence shows that Bitcoin and gold, though often touted as rivals or “digital/physical gold,” don’t always move together during market turmoil. In this episode, as traditional safe havens (gold and silver) collapsed, Bitcoin found a footing, with sentiment turning from panic to tentative stabilization. Analysts like Benjamin Cowen caution that Bitcoin may still lag behind the stock market and face further challenges, but the immediate effect of gold’s crash was not further BTC weakness—rather, a pause and search for new equilibrium.
Keep in mind, though, this doesn’t guarantee BTC is totally decoupled from broader risk-off moves. Volatility can return quickly as market dynamics shift, so prudent risk management remains essential—especially in a turbulent macro landscape.#CryptoMarketPullback
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Gold’s historic crash—down 9% in a single day while silver plunged 28%—did not trigger a new wave of selling in Bitcoin. Instead, BTC stabilized after its initial drop, even as precious metals capitulated.
What happened here is a shift in the typical “safe haven” narrative. According to Decrypt and Cointelegraph, gold and silver had just hit record highs before suffering a dramatic sell-off, triggered by a dollar rally when Trump nominated Kevin Warsh for Fed chair. During this chaos, Bitcoin actually held steady on the day of gold’s sharpest fall, despite having tumbled itself the previous day.
This divergence shows that Bitcoin and gold, though often touted as rivals or “digital/physical gold,” don’t always move together during market turmoil. In this episode, as traditional safe havens (gold and silver) collapsed, Bitcoin found a footing, with sentiment turning from panic to tentative stabilization. Analysts like Benjamin Cowen caution that Bitcoin may still lag behind the stock market and face further challenges, but the immediate effect of gold’s crash was not further BTC weakness—rather, a pause and search for new equilibrium.
Keep in mind, though, this doesn’t guarantee BTC is totally decoupled from broader risk-off moves. Volatility can return quickly as market dynamics shift, so prudent risk management remains essential—especially in a turbulent macro landscape.#CryptoMarketPullback