The price of bitcoin slipped by round 1% over the previous 24 hours, buying and selling close to the $88,000 (£63,690) mark, as markets digested the US Federal Reserve’s decision to hold interest rates steady at Wednesday’s Federal Open Market Committee (FOMC) assembly.
Learn extra: London rises as traders digest mixed US earnings and Fed rate hold
The world’s largest cryptocurrency by market capitalisation (BTC-USD) has been trending decrease since hitting a neighborhood peak of roughly $97,000 on 15 January, with current weak spot coming amid a broader rotation by buyers into conventional safe-haven property.
Learn extra: Crypto live prices
Gold (GC=F) climbed to a contemporary all-time excessive on Thursday, buying and selling simply shy of $5,600 an oz, whereas silver (SI=F) pushed towards $120, as buyers sought shelter in treasured metals amid renewed geopolitical and financial uncertainty. The shift comes alongside a weakening US dollar, which is down 2.13% 12 months thus far, reinforcing demand for different shops of worth.
The entire cryptocurrency market capitalisation now stands at $3.07tn, down 1.1% over the previous 24 hours, in accordance with CoinGecko data.
Mamadou Kwidjim Toure, founding father of fintech platform Ubuntu Tribe, informed Yahoo Finance that buyers are more and more reassessing bitcoin’s (BTC-USD) function in portfolios as macro circumstances evolve.
“Because the monetary panorama evolves, buyers are more and more pivoting from bitcoin (BTC-USD) to gold (GC=F), and for good cause,” Toure stated.
“Gold has demonstrated distinctive resilience and constant development, particularly in a difficult market surroundings. Whereas bitcoin struggled to meet its development guarantees final 12 months, gold achieved a outstanding 72% achieve in 2025, surpassing the $5,000 per ounce milestone.”
Learn extra: Gold price pushes over $5,500 amid weak dollar
Toure stated the shift displays deeper structural tendencies fairly than short-term market reactions, pointing to sustained central financial institution demand for bodily gold (GC=F).
“Central banks have systematically accrued over 1,000 tons of gold yearly lately,” he stated. “Gold’s volatility is three to three-and-a-half occasions decrease than bitcoin’s, providing reassurance for buyers looking for stability.”
Bitcoin’s (BTC-USD) transfer decrease follows the US Federal Reserve’s resolution on Wednesday to carry rates of interest regular, protecting the benchmark federal funds fee inside a 3.5%–3.75% vary after delivering three consecutive quarter-point cuts as indicators of weak spot emerged within the labour market.
Fabian Dori, chief funding officer at Sygnum Financial institution, stated the assembly confirmed a holding sample fairly than signalling a significant coverage shift.
