Bitcoin Rises to $113,000 as Gold Sees Its Biggest Drop Since 2013

Jakarta, Pintu News – Global financial markets have recently witnessed a phenomenon that has caught the attention of many investors and analysts. Bitcoin (BTC), which had experienced a sharp decline, has now bounced back, while gold has experienced its biggest daily decline since 2013. This phenomenon has led to speculation about an investment shift from gold to Bitcoin (BTC).

Bitcoin (BTC) Bounces Back from the Brink

Data from TradingView shows that the price of Bitcoin (BTC) has reached $113,000 today, a rise of more than 2% from the daily low of around $108,000. This increase comes after Bitcoin (BTC) fell to the $104,000 level last week, triggered by rising trade tensions between the US and China.

Meanwhile, gold fell more than 5%, the biggest daily decline since 2013. This decline comes after gold had reached a new record high above $4,300.

Bitwise analyst Hunter Horsley points out that the Bitcoin (BTC)/gold comparison chart is already signaling many investors are starting to become risk-averse, with an attractive risk-to-reward ratio for Bitcoin (BTC).

Expert Analysis and Predictions

Bitwise’s André Dragosch has predicted that leadership in market performance will shift to Bitcoin (BTC). Hedge fund manager, James Lavish, also indicated through a post on X that gold will soon peak, and Bitcoin (BTC) will take over the leadership.

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Joao Wedson, another analyst, highlighted the underlying signals in the very strong Bitcoin (BTC)/gold ratio. Based on this analysis, Wedson suggests that now is a good time to sell gold and buy Bitcoin (BTC).

Federal Reserve Policy Influence

The rise in Bitcoin (BTC) price was also driven by the announcement from Fed Governor Chris Waller about the “skimmy master account” program. Dennis Portner, CEO of Satoshi Action Fund, stated that this announcement is very significant as it integrates Bitcoin (BTC) into the traditional financial system.

Waller stated at the Federal Reserve’s payments conference that he has asked his staff to explore the idea of a payment account. This would allow crypto companies offering payment services to access Fed payment rails.

Conclusion

With these developments, Bitcoin (BTC) seems to be increasingly attractive to investors looking for a profitable investment alternative. Meanwhile, gold, which has been considered a “safe haven” asset, is starting to lose its luster in the eyes of some investors. These changes may mark a new era in global investment dynamics.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013. Accessed on October 22, 2025
• Featured Image: Generated by AI