Bitcoin, stubborn as a miner in stale coal seams, holds its ground while gold-once the finest of metals-crashes like a burnt loaf in a harsh winter.
The yellow rivulet, now down more than $1,100 from its February zenith, is teetering on the brink of the most disastrous weekly slide since 1983.
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BREAKING: Gold prices slip below $4,500/oz for the first time since February 2nd. Gold is now down 1,100/oz from its record high of January.
– The Kobeissi Letter (@KobeissiLetter) March 20, 2026
Samson Mow of JAN3 claims that Bitcoin is the new All‑Hope Metal after the cryptocurrency’s recent flurry. U.Today reports that Fidelity’s Jurrien Timmer also praises Bitcoin’s resilience amid market aftershocks. In truth, everything-from stocks to treasuries-has been sold off this week.
Peter Schiff, the cardinal critic of crypto, has yet to remark on Bitcoin’s steadiness during the current purge.
Some blames the dip on the market titling rate hikes. The odds to hike to 3.75%-4.00% in October stand at 54%.
Yet Schiff retorts that delayed rate cuts won’t turn folks bearish on gold. “Postponed rate cuts sing no bearish tune for gold. Traders fail to see that Powell’s hard talk rests on a false premise of a robust U.S. economy. Even if inflation soars, once higher rates wheel a fragile economy into recession, he’ll hum a different song,” he said on X.
Further the Struggle
Bitcoin is inching toward the $70,000 mark, throwing its weight against inflation fears and soaring oil prices.
Still, the bulls have a long way to run if they wish to wrest gold’s luster from the market’s grasp.
Presently, Bitcoin remains 63% below its December 2024 high of 41 ounces.
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2026-03-20 23:51