Cryptocurrency bitcoin holds steady at approximately 112k, while gold surpasses its all-time high, reaching a price of over 3500 dollars per ounce.

In the ever-evolving world of finance, two traditionally contrasting assets – gold and cryptocurrencies – are experiencing a notable shift in investor preference.

The Trump family-led World Liberty Financial (WLFI) and notable altcoins like Dogecoin ($DOGE) are experiencing volatility, prompting investors to seek more stable investments. One such option is gold, which has been gaining traction among investors in recent times.

Bitcoin ($BTC), the leading cryptocurrency, is not immune to this trend. While it is showing signs of upward volatility, moving towards $11,200, it faces risks amid the volatility of emerging projects and altcoins. In contrast, gold has reached a new all-time high of over $3,500 per ounce, surging past previous records.

This surge in gold's price is driving Bitcoin's upward volatility. Amid market-wide optimism around the precious metal, investors are tending toward gold. The increased gold ETF purchases are a result of this shift, with institutional and retail investors showing significant interest.

The gold ETF inflows are accelerating, driven by the breakout above $3,500 per ounce. Major institutional investors, including large institutional money managers, are participating in this current gold ETF boom phase. Gold mining ETFs like VanEck's GDX and GDXJ are attracting substantial investments from these institutions, reflecting their confidence in large and mid-tier gold mining companies.

Crypto traders are also investing their funds into gold due to wider political and economic uncertainties. The September effect, which can influence the broader market, is also contributing to this changing behaviour.

Despite a momentary charge towards $112K, Bitcoin ($BTC) could still plunge to $100K, highlighting the unpredictable nature of the cryptocurrency market. As gold continues to make new records, it seems that the precious metal is becoming an increasingly attractive option for investors seeking stability amid the volatility of the crypto market.

Cryptocurrency bitcoin holds steady at approximately 112k, while gold surpasses its all-time high, reaching a price of over 3500 dollars per ounce.