Gold near record as Bitcoin falls below $90,000

DL News reported that gold is trading close to an all‑time high around $4,430 per ounce while Bitcoin dropped back below $90,000, with some strategists warning that the strong gold rally may weigh on crypto performance.[5]

Gold trading near record highs while Bitcoin sells off below a round-number milestone underscores a rotation toward traditional safe-haven assets at the expense of crypto risk exposure, especially as gold’s outperformance versus the prior year is already pronounced. Strategist commentary that strong gold strength may weigh on crypto adds to a negative sentiment loop for Bitcoin and broader digital assets in the near term, even though the cross-asset relationship is not mechanically deterministic.

• Why it matters now: Record‑adjacent gold and sub‑$90k Bitcoin underscore a rotation toward defensive assets despite easier Fed policy and strong equities. - Likely short‑term reaction: Flows may keep favouring gold and gold‑proxied instruments while crypto, especially BTC, faces ETF outflows and headline‑driven de‑risking. - Medium‑term implications: Persistent gold outperformance could anchor a “gold over Bitcoin” store‑of‑value narrative and pressure crypto valuations and funding, though correlation regimes can change. - Assets that benefit: Physical gold, gold ETFs, miners; broader defensives and quality equities. - Assets at risk: High‑beta crypto (BTC, alts), crypto ETPs, speculative DeFi. - Key uncertainty: Durability of the macro risk‑off shift vs a reversal back into digital‑asset risk.