- Gold and silver have surged sharply, while Bitcoin and the broader crypto market lag behind.
- Analysts call this one of the most extreme divergences between metals and crypto.
- Bitcoin remains in consolidation, trading between $86,000 and $93,000 since November.
Gold is rallying hard, while Bitcoin remains stuck in a tight range, and the growing gap between the two is raising questions across global markets.
Over the past year, traditional assets have delivered strong gains. Gold, silver, and even copper have surged, while U.S. stock indices have pushed higher. Crypto, by contrast, has struggled to keep pace.
Market data shows the divergence clearly. Silver has posted triple-digit gains, gold is up sharply, and equities are comfortably positive. Bitcoin and Ethereum, however, are still down over the same period, with the broader crypto market seeing even deeper losses.
A Rare and Extreme Market Split
An analyst says this is one of the largest performance gaps ever recorded between precious metals and crypto.
Gold is now widely described as overbought, meaning prices may have run too far, too fast. Bitcoin, on the other hand, is being labeled deeply oversold, reflecting months of sideways movement and weak sentiment.
The analyst Mark said that once market distortions ease, sentiment could turn positive and capital may rotate into crypto. In that scenario, Bitcoin could see gains of up to 10x, while some altcoins could deliver even larger returns.
Bitcoin Isn’t Collapsing, It’s Consolidating
Despite underperforming gold, Bitcoin has not broken down technically.
BTC has been trading in a broad range between $86,000 and $93,000 since November 2025. Previous tests of the lower end of this range triggered strong rebounds, including one rally of more than 13%.
The latest bounce has been weaker so far, rising around 4%, which has led some analysts to warn that support may be slowly weakening. If future rebounds continue to lose strength, it could increase the risk of a broader macro breakdown over time.
Still, there is no confirmed breakdown yet. For now, Bitcoin remains in consolidation, not collapse.
Is Gold Really Replacing Bitcoin?
Some investors say gold’s surge means it is reclaiming its role as the ultimate safe haven, at Bitcoin’s expense. Others strongly disagree.
David Bailey, chairman of Bitcoin Magazine, offered a different interpretation.
“What people think they’re seeing is gold stealing Bitcoin’s market share, what’s actually happening is gold expanding Bitcoin’s TAM,” said Bailey.
In other words, rising interest in gold may not weaken Bitcoin’s long-term narrative. Instead, it could increase awareness of alternative stores of value, eventually benefiting digital assets as well.
Related: Bitcoin Holds Near $89K as FOMC Begins, History Signals Post-Decision Volatility
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