Gold’s worst dip in years wipes $2.5T: How does Bitcoin match up?
Gold experienced a massive $2.5 trillion sell-off, its worst in years, prompting a comparison with Bitcoin's volatility.Summary
Gold, a traditional store of value, suffered a brutal 8% sell-off in 24 hours, erasing $2.5 trillion from its market cap and marking its largest two-day decline since 2013. This steep correction, which some analysts noted is statistically rare, was attributed to profit-taking following a "gold frenzy" driven by FOMO. The scale of the loss surpassed Bitcoin's entire market capitalization of $2.2 trillion at the time. While Bitcoin, often called "digital gold," is known for sharper daily swings, gold's crash highlights that even safe-haven assets are vulnerable. In contrast, Bitcoin experienced a smaller daily loss, though the broader crypto market sentiment plunged into "Extreme Fear," as indicated by the Crypto Fear & Greed Index reaching its lowest levels since December 2022.
(Source：Cointelegraph)