Bitcoin hovers near $65,000 as investor frustration grows over 'disconnect' with gold

February 12, 2026 - 18:09

The price of Bitcoin remained close to the $65,000 mark on Thursday, reflecting a growing sense of frustration among investors. This sentiment stems from the cryptocurrency's surprising failure to mirror the strong performance of gold throughout the year, breaking a previously observed correlation.

Many market participants had anticipated that Bitcoin would act as a digital counterpart to the precious metal, especially during periods of economic uncertainty and inflationary pressure. Gold has seen a sustained rally in 2024, buoyed by central bank purchases and its traditional safe-haven status. Bitcoin, however, has struggled to maintain momentum above key resistance levels, leading to concerns about a fundamental disconnect.

Analysts point to several factors for this divergence, including significant outflows from spot Bitcoin exchange-traded funds and a shifting macroeconomic landscape that is influencing risk appetite. The perceived decoupling from gold is causing some investors to reassess Bitcoin's role in a diversified portfolio, questioning its reliability as a digital store of value during broader market stress.

This period of consolidation and introspection highlights the evolving and sometimes unpredictable nature of cryptocurrency markets. The focus now turns to whether Bitcoin can regain its upward trajectory independently or if it will eventually realign with traditional asset movements.