Bitcoin (BTC), gold (GOLD/USD) and the S&P 500 index (SPX) are experiencing clearly totally different behaviors. Whereas the steel and the US inventory market preserve good points, bitcoin went from setting a brand new all-time excessive final month to erasing the good points made through the yr.
On October 6, 2025, the value of bitcoin reached an all-time excessive of $126,000 (USD), as reported by CriptoNoticias. Since then, it has fallen round 30%, with quotes reaching $80,000 this week.
The setback erased the amassed efficiency of the yr: bitcoin registers a drop from the start of 2025 to the present date of seven.79%, which implies that the asset misplaced all of the good points obtained.
Whereas BTC had began the yr with momentum following new institutional flows and favorable macroeconomic expectations, the current correction left its annual variation in detrimental territory.
Gold maintains good points in 2025 of greater than 50%
Gold maintained a distinct habits. In October it exceeded USD 4,300 per ounce, marking a brand new all-time excessive. Though it subsequently recorded small corrections, the steel retains many of the good points made this yr.
In reality, in 2025 it reveals a progress of 55.05%, in comparison with the depreciation of bitcoin. When it comes to the yr, gold continues to be constructive, pushed by the demand for protected haven belongings and protracted worldwide financial uncertainty.
The S&P 500 additionally stays larger. The index maintains cumulative good points in 2025, supported by an fairness market that has proven resilience regardless of bouts of volatility. Not like bitcoin, the SPX has not suffered a pullback that might reverse its annual efficiency.
The SPX registers an increase of 10.59% within the yr, regardless of a slight decline from USD 6,900, the file it hit final month. This may be seen within the following graph.
Bitcoin’s correction is intently linked to a wave of liquidations within the derivatives market. CriptoNoticias reported that, through the fall, greater than USD 1 billion in leveraged positions in BTC have been liquidated, which accelerates the promoting stress and deepens the decline.
Apart from, the retreat happens at a time of macroeconomic uncertainty: The market adjusts its expectations about Federal Reserve charges. Though many have been observing new cuts, current selections have raised doubts and bitcoin has reacted with excessive volatility.
