https://www.cnbc.com/2026/06/24/bitcoin-falls-back-under-60000-hitting-its-lowest-level-since-october-2024.html
Bitcoin and gold have emerged as the worst-performing major assets in 2026, with Bitcoin down 31% and gold 6% year-to-date. This dual decline marks an unprecedented simultaneous downturn for both assets, historically seen as safe havens. The slump is attributed to a liquidity squeeze influenced by the Federal Reserve’s hawkish stance and a stronger U.S. dollar. Bitcoin’s value has fallen below the $70,000 mark, a level it last held in February, while gold has decreased from a January high to its current range. The Bitcoin-to-gold ratio has fallen significantly, suggesting Bitcoin’s potential undervaluation relative to gold during this period.
Key Takeaways
Market pricing suggests decreased confidence in Bitcoin reaching high price targets, consistent with its current downturn.
Gold’s performance in 2026 appears consistent with reduced probability of achieving high price thresholds, reflecting market skepticism.
