Bitcoin fell during the same period, extending losses as investors raised cash during market stress. Since Jan. 18, bitcoin has dropped 6.6%, while gold gained 8.6% over the same period.
A CoinDesk report noted that bitcoin often sells off during uncertainty despite its design as censorship-resistant money. In practice, investors sell it first when liquidity needs rise. Market data showed Bitcoin trading at $87,846.82 during the latest snapshot, down 0.92% over 24 hours.
Its market capitalization slipped 0.91% to $1.75 trillion. Trading activity surged as 24-hour volume climbed to $45.35 billion, up 194.45%. The volume-to-market-cap ratio stood at 2.53%, pointing to heavy but orderly trading. The intraday chart showed Bitcoin opening near $88,800 before falling to around $86,000. Prices later rebounded toward $87,800, trimming part of the decline.