Bitcoin Under Pressure: Gold’s Surge Sparks Market Uncertainty

Bitcoin (BTC) continues to face challenges, dropping below $110,000 amidst a market downturn. Experts cite ongoing debates about the Federal Reserve’s independence and the recent surge in gold prices as key drivers of this shift. Bitcoin’s dominance has been closely linked to gold’s performance, which is anticipated to benefit from potential interest rate cuts. Analysts offer contrasting perspectives on the future direction of both assets.