Bitcoin Flat at $88K Despite Dollar’s 12-Month Slump, Gold’s New High
Bitcoin is trading just below $88,000, down 2.1% over 24 hours, while gold hit a new high of $5,602 per ounce. The U.S. Dollar Index has dropped to 96.38, typically boosting asset prices, but Bitcoin remains stagnant, confusing investors. Gold and other commodities are seeing inflows as safe havens, whereas Bitcoin is behaving more like a speculative asset rather than a hedge against dollar weakness. This divergence underscores gold’s established inflation-hedge status versus Bitcoin’s newer digital gold narrative. Large inflows into gold are sometimes viewed as a precursor to Bitcoin rallies, with some analysts suggesting Bitcoin is consolidating before a move higher. Despite recent stagnation, sentiment toward Bitcoin’s long-term prospects remains bullish; prediction market data shows a 65% probability for a rally toward $100,000 over a decline to $69,000.
