Gold Price Today Hits Record $3,047 While Bitcoin Struggles – What’s Next?

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At one point today, the gold spot price touched an all-time high of $3,047. Since the beginning of 2025, the gold market has grown by around 15.51%. The growth, achieved by the gold market at a period when the US stock market has experienced a sharp decline, has helped the traditional asset reaffirm its position as the most reliable store of value.

Meanwhile, the disappointing performance of the Bitcoin market during this period has triggered concerns about the reliability of BTC – known as digital gold – as a store of value. In the last 30-days alone, the BTC market has declined by approximately 14.4%. It appears that Bitcoin currently mirrors the pattern of the US stock market, especially the US tech stock market. Here is everything you must know about these sensational developments in the gold and BTC markets.

Geopolitical Tensions and Market Reaction

Recently, Israel resumed attacks in Gaza , violating the ceasefire agreement it had reached with its neighbor.

The US market has reacted quickly. Yesterday, the Nasdaq Composite index slipped from $17,659.06 to $17,504.12, and the Nasdaq 100 index declined from $19,654.99 to $19,483.36. Likewise, the S&P 500 index dropped from $5,654.65 to $5,614.65.

On the same day, the trend in the Bitcoin market was not different. The Bitcoin price decreased from $83,999.56 to $82,715.85.

In contrast to the trend in the US stock market and the BTC market, the gold spot price surged from $3,000.268 to $3,033.446. At one point today, the gold market touched a new peak of $3,047.

Bitcoin’s Past Correlation with Gold

During the 2023 baking crisis, the Bitcoin market mirrored the market pattern of the gold market. During the period, it stood firmly as a strong store of value, like gold.

It appears that now the BTC market mirrors the performance pattern of the US tech stock markets rather than the gold market.

Renowned ETF analyst Eric Balchunas highlights that Bitcoin is very young and needs time to mature into a reliable asset like gold.

He acknowledges the argument that BTC behaves like a tech stock rather than a commodity like gold.

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Trump’s Policies and Bitcoin’s Potential

As promised, US President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President has introduced several promising policies to support the cryptocurrency industry, especially Bitcoin. The establishment of a special crypto task force under the US SEC to create a clear crypto regulation framework and the release of an executive order to establish a strategic cryptocurrency reserve are the most prominent ones among them.

However, the introduction of the aggressive tariff policy by the new administration has shattered the entire US economy. Even the crypto market , particularly Bitcoin, has suffered from its negative impact.

In conclusion, Bitcoin and gold are acting very differently in today’s market. While gold is rising due to geopolitical uncertainty, Bitcoin is struggling like tech stocks. Analysts suggest Bitcoin is still young and unpredictable.

Will it eventually become the “digital gold” BTC enthusiasts expect? Only time will tell.

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