The price of gold struck a full-time high after US President Donald Trump commented on inflation on his social media platform, but Bitcoin moves in the opposite direction on Monday, on what can be seen as an example of Bitcoin’s “split personality”.
Over the past two and a half years, there has been a strong touch between gold, Bitcoin, and the Nasdaq, with all of them higher, IG market analyst Tony Sycamore said in cointelegraph.
“However, there has been a breakdown in the relationship between gold and bitcoin in recent weeks, which is not uncommon for short periods of time and will come because of Bitcoin’s split personality.”
“At times, Bitcoin is viewed as a store of value or a safe shelter, and at other times it is viewed as a risk of risk,” he added.
The price of gold climbed its maximum level on Monday, reaching $ 3,485 per ounce after a 1% spike, According to In Goldprice. It came after Trump posted on his social media platform on Social Social on Sunday, saying, “Prices are ‘down’ in the USA, with almost no inflation.”
Meanwhile, Bitcoin (Btc) has fallen to its lowest level since early July in a different move.
It fell to a two -month low of $ 107,290 on Coinbase on Monday morning, According to In tradingview. This resulted in the deepest correction from mid -August throughout the time, as the pullback exceeded 13%.
Bitcoin-Gold Correlation questioned
“These days, Bitcoin and Gold are not really moving,” Vince Yang, co-founder of Ethereum Layer-2-2 platform Zklink, told cointelegraph.
“The relationship is relatively low, though negative at times this year. Gold is still classic ‘safe play’, while Bitcoin is more tied to liquidity and market risk,” he said. “Usually, they balance each other instead of running side by side.”
However, Sycamore believes that the relationship between Bitcoin and gold can be realign, as it has done before.
Related: Bitcoin News New 2025 Correction as BTC Uptrend Price Starts on the -7 Week
“When it comes out, I suspect that Trump will run into the red economy and the rates of deductions in the fed with ongoing inflation, the relationship of Bitcoin with gold will re -heal itself and both will go higher,” he said.
“This is just a question from what level Bitcoin finds its tohold,” he added.
Bitcoin can only be remaining gold
Meanwhile, historical data shows bitcoin price rallies within 150 days of gold hitting new high-time highs.
Gold prices A new peak of more than $ 2,000 reached 2020 during the Pandemya, which preceded Bitcoin’s progress to a full time high next year.
Joe Consorti, head of growth in Yousa, said earlier this year That bitcoin follows the gold bias direction with a lag of 100-150 days each time.
