Key Insights
- Gold surpassed the previous resistance level at $4489 due largely to large amounts of capital flowing into precious metals.
- The S&P 500 is hovering around 6,915, having recovered from its initial losses, indicating active participation from institutions in the equities markets.
- Bitcoin spot ETFs saw $175 million in net outflows, extending the five-day institutional withdrawal.
Global Markets Rally to Record Highs While Bitcoin Stalls
Bitcoin is currently falling behind all other global markets as investors continue to lose interest and invest their capital elsewhere. Stocks and Gold have been on the rise with strong activity throughout the last few months; however, the cryptocurrency market has experienced significant downward pressure due to large-scale exchange-traded fund (ETF) inflows leaving the market, lower confidence from investors, and a shortage of short-term cash to buy or sell crypto assets.
Bitcoin Lags Behind Global Markets as Gold and Silver Surge
The precious metals market is making a significant comeback, as Joshua Jake @itzjoshuajake tweeted, “Every market is making record highs except for crypto,” with gold trading for around $4489. The gold price has been climbing steadily since October, when it broke through the psychological level of $4400, and is now creating higher highs with only small declines.
Similarly, silver trading near $72.36 has successfully crossed the $70 psychological barrier. Since November, silver prices have also established a consistent upward trend of higher lows, demonstrating solid demand within the precious metals space.
As a result, these price movements reflect the general strength of traditional asset investments. As macroeconomic uncertainty continues to disrupt markets, investors are increasingly putting their money into precious metals.
Source; X
Bitcoin Lags Behind Global Markets While Equities Maintain Momentum
The U.S. stock market is performing remarkably; the S&P 500 Index remains at its peak of nearly 6915 points. This index rebounded from a low of almost 4900 points back in early 2025 and has sustained an upward trend during the last couple of years.
The rise of institutional investors in the stock markets is evident due to the emergence of higher lows in price charts, and it is expected that additional funds will continue to flow into the stock market from available liquidity; furthermore, with established regulations around stocks and other equity investments, the upward trend should remain intact for a long time.
Given the continuing healthy performance of the stock market, in this cycle, Bitcoin has continued to lag behind most of the world, as there is some risk associated with newly developed digital currencies compared to equities that have been around longer.
Bitcoin Struggles Below Key Resistance
Currently, Bitcoin is trading at approximately $87,776, which is still much lower than the previous highs of over $120,000, so this price action shows a clear downward price trend with multiple rejections from between $95,000 and $97,000, where the resistance zone lies for Bitcoin.
The momentum indicators still indicate extremely low levels of buying activity from traders at these price levels. There are also many traders now looking to support levels around $85,000 as a potential area to buy Bitcoin to help establish stability in the near term.
Cryptocurrency continues to go through this downturn in value compared to other asset classes. The continued declining levels of inflows are also shaping future price movements.
Source; TradingView
Bitcoin Lags Behind Global Markets as ETF Outflows Continue
The data published by ETFs could act as an indicator of Bitcoin’s poor performance over the past week. In addition to the daily price decline, on December 24th, Bitcoin spot ETFs logged net outflows of $175 million. This continues the trend of five consecutive days of daily net withdrawals.
Source: Sososvalue
As per data from SoSoValue on BlackRock’s IBIT fund, its largest single-day outflow occurred that day at $91.37 million. Even with the daily net withdrawal, BlackRock’s IBIT has accumulated total historical net inflows of $622.49 million. Grayscale’s GBTC has also reported net outflows totaling $24.62 million.
Currently, Bitcoin spot ETF assets total approximately $113.83 Billion. At present, Bitcoin ETF assets make up approximately 6.51% of the total Bitcoin market capitalisation. Cumulatively, net inflows into Bitcoin ETFs remain positive at $569.01 million.
