CoinDesk••1 min read
Bitcoin Plunges Against Gold: Bear Market Deepens, Downside Risk Remains
According to a report, Bitcoin has experienced a significant decline against gold, dropping 55% from its peak in December 2024. The report indicates that Bitcoin is currently in a deep bear market when compared to gold. Historical data suggests that this downward trend may continue. The development highlights the volatility and risk associated with Bitcoin investments, particularly when compared to traditional safe-haven assets like gold.
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