Bitcoin has experienced a significant dip, dropping to around $121,000 after hitting an all-time high of $126,000 earlier this week. This represents a 3.75% decline over the past 24 hours and a 2.22% drop from its record high. Meanwhile, gold prices have surged to a new all-time high of over $4,000 per ounce. This surge in gold values coincides with a notable influx of investment into Bitcoin ETFs, particularly BlackRock’s iShares Bitcoin Trust (IBIT), which saw the second-highest inflows since their launch this year. 2024 has seen a significant surge in both Bitcoin and gold prices. 2025, as it progresses, has shown an upward trend for gold values, increasing by 53% from last year. Economists are predicting that Bitcoin could reach the $140,000 mark before the end of October. However, Timothy Peterson, an economist, highlights a significant probability (50%) of Bitcoin surpassing this mark before the month ends, based on historical simulations using Bitcoin price data since 2015. He also cautions about the 43% chance that Bitcoin could close below $136,000, emphasizing the volatility currently present in the crypto market. If Bitcoin follows its typical October trend, it would need to rise by roughly 14.7% from current levels to reach that goal. Despite Bitcoin’s recent downturn, gold continues to gain popularity as a safe-haven asset against inflation and currency debasement, even as Bitcoin matures as an alternative digital currency. Bitcoin’s Fund Flow Ratio has also fallen significantly, falling to its lowest point since July 2023. This suggests that more Bitcoin is being transferred to private wallets for long-term storage or used in DeFi applications by institutions, rather than being liquidated. Such behavior generally signals a potential shift towards medium-term bullish trends.