Gold Sets a Record, Bitcoin Remains Still

Gold Reaches New Peak

On Wednesday afternoon, gold set a new record following comments made by Federal Reserve Chairman Jerome Powell at a press conference. Gold prices surged above $5,400, re-engaging investors' interest.

Why is Bitcoin Motionless?

Meanwhile, Bitcoin (BTC) continues to trade in a narrow range around $89,000. Contrary to the market's volatility, the cryptocurrency's performance is falling short of expectations.

An analyst commented, "Cryptocurrencies are lagging behind many assets that aim to replace them." This situation could redirect investors' attention to alternative assets, raising questions about Bitcoin's role in the market.