{"id":67234,"date":"2026-01-29T15:17:25","date_gmt":"2026-01-29T15:17:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-bitcoin-is-down-while-gold-rallies-on-a-weaker-dollar\/"},"modified":"2026-01-29T15:17:25","modified_gmt":"2026-01-29T15:17:25","slug":"why-bitcoin-is-down-while-gold-rallies-on-a-weaker-dollar","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-bitcoin-is-down-while-gold-rallies-on-a-weaker-dollar\/","title":{"rendered":"Why Bitcoin is down while gold rallies on a weaker dollar"},"content":{"rendered":"

(Originally posted on : Gold News, Latest Stories & Analysis | Invezz )<\/b>
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Gold and other traditional safe-haven assets are surging amid a softening US dollar, yet Bitcoin continues to falter.<\/p>\n

This week, gold pushed past the $5,000 mark<\/a>, setting fresh all-time highs and building on its strong momentum. Silver also joined the rally, climbing above $120 per ounce.<\/p>\n

However, and in stark contrast, Bitcoin continued to struggle.<\/p>\n

A fleeting recovery attempt to above $90,000 on Wednesday quickly faded into renewed downside pressure that currently sees BTC poised below $88,000.<\/p>\n

Why Bitcoin is struggling despite dollar weakness<\/h2>\n


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According to an analysis from J.P. Morgan Private Bank, current dollar weakness hasn\u2019t ignited Bitcoin\u2019s typical upward response due to one key factor: investor outlook.<\/p>\n

In a note to CoinDesk, the analysts said markets appear to currently view Bitcoin more as a high-risk asset tied to liquidity conditions, rather than a reliable hedge against currency weakness.<\/p>\n

Notably, gold has exploded as the Dollar Index (DXY), which tracks the greenback against major global currencies, has fallen.<\/p>\n

But Bitcoin, often seen as a beneficiary of such weakness in historical dollar patterns, has underperformed.<\/p>\n

The benchmark digital asset is well off its all-time high reached in October 2025.<\/p>\n

Strategists at the bank attribute this divergence to the nature of the dollar\u2019s slide. <\/p>\n

Unlike past episodes driven by fundamental changes in economic growth or central bank policies, the recent drop stems largely from short-term investor flows and shifting market sentiment.<\/p>\n

While gold and similar commodities have capitalized on the dollar\u2019s dip as classic hedges, Bitcoin has stayed confined to a tight trading range.<\/p>\n

Per the researchers, this behavior signals that cryptocurrency traders aren\u2019t interpreting the dollar\u2019s softness as a lasting macroeconomic pivot.<\/p>\n

Instead, Bitcoin remains anchored as a liquidity-dependent risk asset.<\/p>\n

This, and the prevailing macroeconomic environment, continue to hinder fresh inflows<\/a>.<\/p>\n

Bitcoin price forecast<\/h2>\n


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The price of Bitcoin has fluctuated below $90,000 after a brief uptick earlier this month. While the sharp contrast to gold\u2019s gains has helped pull capital away, analysts are largely bullish.<\/p>\n

Andr\u00e9 Dragosch, Bitwise European Head of Research, recently noted that BTC\u2019s drop to a multi-year low, with the Bitcoin-to-gold ratio of 18.5 oz\/BTC, is a \u201cvery rare\u201d contrarian buy signal.<\/p>\n

He suggested capital rotation from gold to BTC could accelerate in the next few months.<\/p>\n

GugaOnChain, a CryptoQuant contributor, shared in a Jan 26 post that dollar weakness only boosts BTC in risk-on environments like high inflation or loose liquidity. <\/p>\n

The contrary is likely in a risk-off environment punctuated by extreme fear.<\/p>\n

In this case, investors flock to gold for capital preservation. BTC will thrive as risk appetite shifts.<\/p>\n

The coin traded around $87,800 at the time of writing on Thursday, Jan.29.<\/p>\n

In the short term, Bitcoin bulls want to see a decisive push above $100,000. Movement in this area will signal renewed strength.<\/p>\n

On the downside, key support levels cluster around $85,000, with $80,000 a major accumulation zone if bears strengthen.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Gold News, Latest Stories & Analysis | Invezz ) Gold and other traditional safe-haven assets are surging amid a softening US dollar, yet Bitcoin continues to falter. This week, gold pushed past the $5,000 mark, setting fresh all-time highs and building on its strong momentum. Silver also joined the rally, climbing […]<\/p>\n","protected":false},"author":13,"featured_media":67235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67234"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67234"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67235"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}