Bitcoin price slides as gold rallies on weaker dollar
Bitcoin price is down around 1% over the past 24 hours, trading around $88,000 (£63,690) as markets digest the US Federal Reserve’s decision to keep interest rates steady at Wednesday’s Federal Open Market Committee (FOMC) meeting.
Read more: London rises as investors digest mixed US earnings and Fed keeping interest rates steady
The world’s largest cryptocurrency by market cap (BTC-USD) has been in a downtrend since reaching a local peak of around $97,000 on January 15. The recent weakness comes amid a broader rotation of investors into traditional safe-haven assets.
Read more: Crypto live prices
Gold (GC=F) climbed to an all-time high on Thursday, trading at $5,600 an ounce, while silver (SI=F) advanced towards $120 as investors sought refuge in precious metals amid renewed geopolitical and economic uncertainty. This shift comes as the US dollar weakens, losing 2.13% year-to-date, strengthening demand for alternative stores of value.
According to CoinGecko, total cryptocurrency market capitalization is at $3.07 trillion, down 1.1% in the last 24 hours. data.
Mamadou Kwidjim Toure, founder of fintech platform Ubuntu Tribe, told Yahoo Finance that investors are increasingly re-evaluating the role of bitcoin (BTC-USD) in portfolios as macro conditions evolve.
“As the financial environment evolves, investors are increasingly shifting from bitcoin (BTC-USD) to gold (GC=F), and for good reason,” Toure said.
“Gold has shown remarkable resilience and consistent growth, especially in a challenging market environment. While Bitcoin struggled to deliver on its growth promises last year, gold has surpassed the $5,000-per-ounce milestone, achieving a significant 72% gain in 2025.”
Read more: Gold price rose above $5,500 due to the weak dollar
Toure stated that this change reflects deeper structural trends rather than short-term market reactions, and pointed out that the central bank’s demand for physical gold continues (GC=F).
“Central banks have systematically accumulated over 1,000 tonnes of gold annually in recent years,” he said. “Gold’s volatility is three to three and a half times lower than that of Bitcoin, offering reassurance to investors seeking stability.”
Bitcoin’s (BTC-USD) move lower follows the US Federal Reserve’s decision on Wednesday to keep interest rates steady and keep the benchmark federal funds rate in a range of 3.5% to 3.75% after three consecutive quarter-point cuts as signs of weakness in the labor market emerged.
Fabian Dori, chief investment officer at Sygnum Bank, said the meeting confirmed a holding pattern rather than signaling a meaningful policy change.
