Gold Sets New Record, Surpassing Bitcoin’s Value; Is ‘Uptober’ Rally Over?

Gold has surpassed Bitcoin as a reserve asset, reaching over $30 trillion in valuation and establishing itself as the first global asset to achieve this milestone. This surge comes amidst a growing global preference for tangible assets amid uncertainty in traditional financial markets. Bitcoin’s price has slipped below $108,000, triggering significant crypto market liquidation events.