Bitcoin Price Today: BTC Stays Flat as Gold Hits Record Above $5,400
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Summary: The crypto market remains flat while gold hit new highs following the Fed chair’s remarks; Investors are cautious.
Bitcoin’s price has stayed largely range-bound near about $89,000, even as gold raced to a fresh record above $5,400 an ounce after comments from Federal Reserve Chair Jerome Powell, highlighting a striking divergence in how investors are reacting to macroeconomic signals.
On Wednesday afternoon, gold extended its dramatic rally, driven by safe-haven demand and rising geopolitical and economic uncertainty. While Powell sought to play down the extraordinary gains — saying the Fed does not see gold’s run as a clear economic signal — buyers kept piling in, pushing the yellow metal to historic levels.
Across markets, Bitcoin has been less enthusiastic. After briefly hovering around the $89,000 mark, the world’s largest cryptocurrency showed only modest movement, failing to mirror gold’s explosive advance. Most of the day’s trading saw BTC quietly oscillating in a tight band, and investors described the mood as cautious rather than confident.
This contrast has reignited debate about how digital assets like Bitcoin — often dubbed “digital gold” — stack up against traditional safe havens. According to some analysts, while Bitcoin has historically received inflows during moments of monetary instability or currency weakness, gold's long track record and physical scarcity are now attracting more immediate attention from risk-averse capital.
Market participants feel that a variety of factors are at play. A weaker US dollar, which has been losing ground in the face of mixed economic data and shifting interest rate expectations, makes gold trades more appealing to foreign buyers — and this dynamic, in turn, can draw liquidity toward precious metals and away from comparatively volatile assets like Bitcoin.
Bitcoin's mild price movement reflects broader concern about macroeconomic policy direction, with traders awaiting more clarification from central banks and fiscal signals. In an environment where traditional hedges such as gold shine brightest, digital assets may struggle to attract the same level of flight-to-safety flows—at least in the short term.
For now, gold’s surge and Bitcoin’s subdued moves underscore how investor behavior can shift dramatically depending on where confidence — or anxiety — is strongest. Whether this pattern persists will likely depend on upcoming economic data, interest-rate decisions and how markets interpret the broader policy narrative in the weeks ahead.
