Crypto Market Softens as Gold Inches Closer to Record Peak

Bitcoin Struggles as Gold Pushes Toward Fresh Record

Bitcoin (BTC) slipped back under pressure on Thursday, erasing an earlier rally above $113,000 to trade near $111,800, down 0.7% over 24 hours. Ether (ETH) and XRP (XRP) dropped 2.1% and 1.4%, respectively, while Solana’s SOL (SOL) bucked the trend with a 3.1% gain.

Meanwhile, gold climbed another 0.8% to $3,477 per ounce, just shy of its $3,534 all-time high reached earlier this month. The metal has surged nearly 4% in August, contrasting with bitcoin’s 5.2% decline, as falling interest rates and a weaker dollar continue to boost safe-haven demand.

With the Federal Reserve expected to resume rate cuts in September and President Trump poised to add dovish policymakers to the central bank, macro dynamics could play an outsized role in shaping the final stretch of 2025 for both assets.