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Gold prices have climbed sharply in 2024–25. For example, gold hit about $2,483 in July 2024 and then reached roughly $2,902 in February 2025 – both all-time highs. The chart above shows gold’s long-term rise through 2025. These record gold rallies usually reflect investors buying a safe haven (during inflation or uncertainty). By contrast, Bitcoin often behaves like a risk asset. One report noted that even as gold was “surging to a new all-time high,” Bitcoin’s year-to-date gain was only about 5% , and that “Bitcoin’s correlation with risk assets has remained elevated” (making it vulnerable), whereas gold’s safe-haven appeal was strengthening . In simple terms, when gold hit new highs recently, Bitcoin did not rise by the same amount.

Recent Examples
July 2024: Gold reached a new ATH (~$2,483/oz) . In that same period, Bitcoin fell sharply (about a 20% drop in late June 2024) . One chart analyst even titled a post “Bitcoin down 20%, Gold new all-time highs” and noted BTC “falling over $3000” while gold hit new records . This shows gold rising while Bitcoin weakened.Early 2025 (Feb): Gold again hit a fresh record (~$2,902) . Meanwhile, Bitcoin was only up about +5% on the year, struggling with volatility . In other words, gold’s rally greatly outpaced Bitcoin’s, so Bitcoin was relatively flat during that gold spike.
These examples suggest that when gold is hitting an ATH, Bitcoin usually does not go up strongly in the same moment. Sometimes it even dips or stays neutral.

Expert Analysis
Analysts say gold and Bitcoin have decoupled. Through 2022–2024 they often moved together (both benefited from inflation fears), but in 2025 their paths diverged . A CME Group analysis notes that from late 2022 to late 2024, gold was up ~67% and Bitcoin ~400%, but by early 2025 gold was up ~16% while Bitcoin was down ~6% . Experts point out that Bitcoin today often trades like a tech-stock (highly correlated with the Nasdaq), not like a true safe-haven . For example, research showed Bitcoin’s correlation with the Nasdaq-100 rose to 0.87 in 2024 . In contrast, gold’s “traditional role as a safe haven” has grown stronger . One analyst put it simply: gold was trading at all-time highs amid uncertainty, while Bitcoin stayed quiet and underperformed .

Some strategists advise holding both assets in different phases. One report says don’t think of gold vs. Bitcoin as either/or – “own gold during the pullback, and bitcoin during the recovery” . In practice, when gold hits records (often in risk-off environments), Bitcoin often lags or falls. As one analysis noted, gold’s strength has partly come at Bitcoin’s expense: “if bitcoin was in a period of weakness, perhaps investors seeking safety and stability might turn to gold” .

Does Bitcoin Go Up, Down, or Neutral?
In plain terms: Bitcoin usually does not jump higher when gold is at an ATH. It often stays flat or even slides a bit. For example, mid-2024 and early-2025 both saw gold at records while Bitcoin lagged . This is because gold’s rallies often signal fear or inflation, leading investors to buy gold instead of riskier crypto. Bitcoin, tied to stock-market sentiment, may fall when those concerns hit. So when gold is hitting new highs, Bitcoin tends to be neutral or down rather than up .

Summary
Recent history shows that record gold prices have often coincided with Bitcoin lagging. Experts say Bitcoin today acts more like a risk asset (moving with stocks) while gold is the preferred safe haven. This means when global gold is surging, Bitcoin typically won’t go up strongly at the same time. It may hold steady or decline, reflecting broader market shifts.