Bitcoin’s ‘digital gold’ narrative rattled as precious metals take the spotlight
Yahoo Finance·2026-01-31 05:50

Gold touched a new all-time high this week while Bitcoin slumped to its lowest level since November. Despite gold experiencing more volatility and plunging on Friday, it has still outperformed Bitcoin over the past five years, which begs the question: What exactly is happening with so-called digital gold? Bitcoin was trading for $83,926 just after 3:00 pm in New York after dropping 7% over a 24-hour period, according to CoinGecko. Over the past year, the leading cryptocurrency is down 20%. “Bitcoin has ...

Bitcoin’s ‘digital gold’ narrative rattled as precious metals take the spotlight - Reportify