Gold Knocks Bitcoin by Becoming $30 Trillion Asset, Is “Uptober’” Rally Over?

Yellow metal gold has outperformed Bitcoin as a reserve asset class, hitting fresh highs above $4,350 levels, and becoming the first global asset to cross $30 trillion valuation. On the other hand, Bitcoin price is down 3% today, slipping under $108,000, triggering another major crypto market liquidation. Gold’s Dominance Over Bitcoin Continues With macro uncertainty in the global market and trust in fiat currencies at an all-time low, gold has dominated the “reserve assets” market, outperforming every ...