Bitcoin has seen a slight uptick as gold took an unusual downturn. Traditionally, both assets act as hedges against inflation and excessive government spending, yet they have diverged recently. While gold has consistently recorded new highs, Bitcoin has struggled to gain traction despite favorable economic factors such as an easing monetary policy, ETF inflows, and increased corporate adoption. On September 24, gold experienced a rare decline of 1.5% to $3,759 per ounce, which allowed Bitcoin to rise by 1.7% to around $113,700. Overall, year-to-date, gold has increased by 42% compared to Bitcoin's 22%. However, looking back to early 2024, Bitcoin has significantly outperformed gold, increasing 155% against gold's 82% rise. Since the start of 2023, gold has doubled, while Bitcoin has risen over six-fold, albeit from a low point in late 2022.

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