Gold Hits Record $3,800 as Bitcoin Stagnates Below $115,000

Gold has reached a new record, surpassing $3,800 per ounce.
Bitcoin is currently underperforming compared to gold, holding at around $115,000.
The S&P 500 index is also reaching record highs, nearing the 6,700 level.
Despite recent struggles, Bitcoin remains in a bull market.
Previous divergences between Bitcoin and the S&P 500 occurred:
- March to July 2024: S&P 500 rose from 4,000 to 4,600, while Bitcoin dropped from $30,000 to $25,000.
- April to October 2024: S&P 500 increased from 5,200 to 6,000; Bitcoin's rally began in November.
From May 2025, the S&P 500 continued rising, whereas Bitcoin consolidated between $110,000 and $120,000.
Bitcoin briefly hit new all-time highs in August but returned to its previous range soon after.
Historically, Bitcoin and the S&P 500 show similar trends but can diverge for extended periods.