Bitcoin price falls below $80,000, ARK reshapes the gold narrative
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Reported by Bijie Network: The price of bitcoin has dropped to $78,150, down more than 35% from its peak in October 2025, with significant volatility. Analysis from ARK Invest points out that this pullback occurred after a rapid rise in bitcoin's price, and emphasizes that since early 2020, the correlation between bitcoin and gold has been only 0.14. Although gold's previous major rallies have preceded bitcoin's increases, the recent upward trend has stalled. ARK maintains its long-term outlook, with its model predicting that under certain adoption scenarios, bitcoin's price will be much higher than current levels by 2030. However, it also stresses that bitcoin and gold play different roles and have different development cycles.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Canada Strengthens Pro-Growth Agenda With Wider Capital Expensing, BMO Says
MT newswire•2026/09/16 11:44
Market Chatter: KKR Said to Be Preferred Bidder for Portuguese Packaging Firm Logoplaste
MT newswire•2026/09/16 11:44
Similarweb Insider Sold Shares Worth $679,236, According to a Recent SEC Filing
MT newswire•2026/09/16 11:43
Similarweb Insider Sold Shares Worth $679,236, According to a Recent SEC Filing
MT newswire•2026/09/16 11:43
Crypto prices
MoreBitcoin
BTC
$76,120.48
-0.99%
Ethereum
ETH
$2,420.49
-2.19%
Tether USDt
USDT
$0.9991
-0.05%
BNB
BNB
$713.24
-0.61%
XRP
XRP
$1.29
-7.35%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$98.01
-2.54%
TRON
TRX
$0.3351
-1.03%
Zcash
ZEC
$1,235.46
+9.62%
Hyperliquid
HYPE
$79.56
+0.85%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now