- BTC near $124,700 and gold above $3,950 as both assets rally together.
- BIS credit data confirm liquidity support for markets.
- Bitcoin amplifies gold’s trend as macro conditions push capital into scarcity.
Bitcoin trades near $124,700 and gold above $3,950, extending a joint rally that analysts link to expanding global liquidity and a broader rotation into scarce assets. Market data from CoinMarketCap, GoldPrice.org, and TradingView’s BTC/XAU chart show both assets climbing as credit conditions remain accommodative worldwide.
Related: Altcoin-Bitcoin Correlation Hits New Highs in Bull Cycle: CryptoQuant Data Reveals Trend
Bitcoin’s Market Cycles Track Global Liquidity Expansion
Bitcoin’s valuation continues to reflect global liquidity trends. The Bank for International Settlements (BIS) reports cross-border credit reaching $34.7 trillion in Q1 2025, up roughly 5% year over year..
Central-bank balance-sheet data indicate liquidity has not tightened materially, which are conditions that historically precede Bitcoin upswings. Previous surges, including the 2017 and 2020–2021 bull markets, followed periods of rapid monetary expansion, while the 2018 and 2022 corrections coincided with liquidity slowdowns.
Bitcoin Mirrors Gold’s Trajectory With Higher Volatility
Research from Glassnode Insights finds Bitcoin increasingly tracks gold’s direction when adjusted for volatility. A 200-day lag comparison shows the two assets sharing similar trend structures between 2023 and 2025, with Bitcoin amplifying gold’s moves by roughly a factor of 3-4.
At present, gold’s weekly gain of about 2.4% and Bitcoin’s 3.1% rise confirm that both assets respond to the same liquidity pulse, gold absorbing conservative inflows, Bitcoin capturing the speculative premium.
Liquidity and Macro Sensitivity Set the Tone
Bitcoin’s correlation with global liquidity and U.S. monetary policy has strengthened this year. Analysts note that after the Federal Reserve’s September rate cut, risk assets rebounded in step with expanding credit supply.
Related: Bitcoin Dominance Hits 3-Year High But Faces Historical August-September Slump
If liquidity growth persists into Q4 2025, as implied by the latest BIS data, Bitcoin could maintain its lead over gold in percentage terms. However, any contraction in global credit or renewed dollar strength could test Bitcoin’s resilience even as gold retains safe-haven demand.
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