Bitcoin Smashes $97K as Gold Tops $3,300—Here’s Why Markets Are Going Berserk
Digital gold outpaces the real thing—again. Bitcoin’s parabolic rally hits $97,000 while gold notches a record $3,300/oz, leaving traditionalists scrambling for explanations.
The fuel behind the fire: Institutional FOMO meets hyper-bitcoinization as macro uncertainty drives capital into hard assets. Meanwhile, gold bugs cope by blaming ’speculative excess’ (said every boomer during every crypto bull run).
Reality check: With central banks still printing and ETFs swallowing supply, this party won’t stop until Wall Street finds a way to short both assets simultaneously.
A Look Into The BTC Market
The king coin has been struggling in terms of price. Bitcoin managed to rise all the way to a high of $109,114.88 in January 2025. But the asset failed to retain itself above the $100,000 mark. Recently, BTC jumped back above $90,000 after a long stay below this price level. The past 24 hours have been extremely bullish for the king coin as it ROSE by 2.28%. At the time of writing, BTC was trading at $96,552.21. Earlier today, the asset rose to a high of $97,625.81.
Bitcoin’s uptick comes around the same time the Federal Open market Committee wrapped up its two-day meeting. It is anticipated to maintain interest rates at 4.25% to 4.50%. Following recent indications of persistent inflation and waning consumer demand, markets will be monitoring for any changes in tone when Chair Jerome Powell makes his speech shortly after.
Ahead of the Fed’s announcement, Bitcoin investors could be lining up in anticipation of any signs that may affect asset values.
What Is Happening With Gold?
Amid the recent excitement around the news of the US-China trade negotiations in Switzerland this week, the price of gold was seen recovering. The asset was hovering around $3,360. In addition, with experts pointing to a resurgence of Chinese investors in the asset market and central banks looking to reduce exposure to U.S. assets, particularly the dollar, U.S. gold futures also saw a 1.3% increase. Lastly, the market believes that amidst the increased geopolitical uncertainties, gold might be viewed as a SAFE haven asset.
