Bitcoin stays at $88,400 while gold surpasses $5,000.

Bitcoin Decline Process

Bitcoin dropped to around $88,400 at the beginning of the week, experiencing approximately a 4% loss in the last week. This decline has been further exacerbated by the weakness of major cryptocurrencies.

Cryptocurrency Performance and Market Reaction

The weak performance of Bitcoin against rising stocks and increasing gold suggests that cryptocurrencies are moving in parallel with more risky assets. This raises questions about Bitcoin's status as a safe haven.

Traders' Expectations

Traders are being cautious in anticipation of the Federal Reserve decisions to be announced on Wednesday and the financial results of major technology companies. These events are expected to be significant triggers for Bitcoin's next move.