Gold Continues Correcting and That Might Be Good for Bitcoin

What may or may not have been a blow-off top last week in the price of gold appears to have benefitted bitcoin (BTC) and that trend could be set to continue.Already among the best-performing global assets in recent months, gold's rally powered to new heights in the weeks following President Trump's Liberation Day tariffs in early April.The price ultimately peaked above $3,500 per ounce on April 21, with bitcoin at the time changing hands at $87,000 — roughly flat from Liberation Day, but lower by about 20% from its record high hit in January.Since, though, gold has tumbled nearly 10% to its current price just above $3,200 per ounce source: https://www.coindesk.com/markets/2025/05/01/gold-continues-correcting-and-that-might-be-good-for-bitcoin