In one of the most striking moments of this cycle, gold has lost trillions in market capitalization, a drawdown larger than the entire value of Bitcoin itself. The metal that once symbolized stability is now showing cracks, while BTC, the asset branded as volatile, has remained remarkably resilient. What It Means For Bitcoin Next Market Cycle For decades, gold has been hailed as the ultimate safe-haven, and it has been rock-solid. However, a seasoned financial analyst, Tom Tucker, has revealed on X that Gold, the world’s oldest store of value, has lost $2.5 trillion in market value, which is more than the entire Bitcoin market capitalization.  Related Reading: Bitcoin Supercycle? Jeff Park Says Gold’s $1 Trillion Gains Could Spark It Meanwhile, the crypto Fear and Greed Index is flashing extreme fear, signaling that sentiment across digital assets is near panic levels. Tom Tucker warns that traders should stay cautious, as BTC could follow the gold path. CryptoMichNL, the CIO and Founder of MNFund and MNCapital, has observed that gold has printed a harsh move, as it corrected by more than 8% in a single day. At the same time, Bitcoin moved up massively, but later gave back most of its gains. According to CryptoMichNL, this turbulence in gold is not a lasting trend. The volatility of gold is extremely high, which is a direct consequence of its status as a massive outlier with an incredible parabolic run over recent months. If gold has indeed topped out, that would open the door for capital rotation towards other assets. However, a soft Consumer Price Index (CPI) print on the horizon should trigger the potential rate cuts and the end of the US government shutdown. Otherwise, BTC’s consolidation might start running as risk-on appetite. Why Bitcoin Will Extend Above Its Recent Consolidation Historically, Gold has seen sharp drawdowns. Senior Analyst at CoinDesk and Advisor at Coinsilium Group and ForzaBitcoin, James Van Straten, explained that the last significant gold correction took place in August 2020. On August 6, gold hit an all-time high of $2,035, only to drop 5% on August 11, and then enter a 20% correction that lasted roughly seven months.  Related Reading: Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says During that same period, Bitcoin was consolidating below $10,000 before surging to new highs that year, a move largely fueled by COVID-19-era stimulus, which acted as a powerful accelerant. Fast forward to today, James Van Straten believes that as BTC’s current phase is consolidating above $100,000, it may extend mid-cycle. This is due to strong parallels that gold has once again entered a significant correction, crypto liquidation events, the specter of a US government shutdown, looming rate cuts, and AI-driven capex expenditure, which continues to shape market sentiment and liquidity dynamics. Featured image from Pixabay, chart from Tradingview.comIn one of the most striking moments of this cycle, gold has lost trillions in market capitalization, a drawdown larger than the entire value of Bitcoin itself. The metal that once symbolized stability is now showing cracks, while BTC, the asset branded as volatile, has remained remarkably resilient. What It Means For Bitcoin Next Market Cycle For decades, gold has been hailed as the ultimate safe-haven, and it has been rock-solid. However, a seasoned financial analyst, Tom Tucker, has revealed on X that Gold, the world’s oldest store of value, has lost $2.5 trillion in market value, which is more than the entire Bitcoin market capitalization.  Related Reading: Bitcoin Supercycle? Jeff Park Says Gold’s $1 Trillion Gains Could Spark It Meanwhile, the crypto Fear and Greed Index is flashing extreme fear, signaling that sentiment across digital assets is near panic levels. Tom Tucker warns that traders should stay cautious, as BTC could follow the gold path. CryptoMichNL, the CIO and Founder of MNFund and MNCapital, has observed that gold has printed a harsh move, as it corrected by more than 8% in a single day. At the same time, Bitcoin moved up massively, but later gave back most of its gains. According to CryptoMichNL, this turbulence in gold is not a lasting trend. The volatility of gold is extremely high, which is a direct consequence of its status as a massive outlier with an incredible parabolic run over recent months. If gold has indeed topped out, that would open the door for capital rotation towards other assets. However, a soft Consumer Price Index (CPI) print on the horizon should trigger the potential rate cuts and the end of the US government shutdown. Otherwise, BTC’s consolidation might start running as risk-on appetite. Why Bitcoin Will Extend Above Its Recent Consolidation Historically, Gold has seen sharp drawdowns. Senior Analyst at CoinDesk and Advisor at Coinsilium Group and ForzaBitcoin, James Van Straten, explained that the last significant gold correction took place in August 2020. On August 6, gold hit an all-time high of $2,035, only to drop 5% on August 11, and then enter a 20% correction that lasted roughly seven months.  Related Reading: Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says During that same period, Bitcoin was consolidating below $10,000 before surging to new highs that year, a move largely fueled by COVID-19-era stimulus, which acted as a powerful accelerant. Fast forward to today, James Van Straten believes that as BTC’s current phase is consolidating above $100,000, it may extend mid-cycle. This is due to strong parallels that gold has once again entered a significant correction, crypto liquidation events, the specter of a US government shutdown, looming rate cuts, and AI-driven capex expenditure, which continues to shape market sentiment and liquidity dynamics. Featured image from Pixabay, chart from Tradingview.com

                                                                               Song accused BTC Core developers of defecting and failing to address widespread community concerns about non-monetary data on the ledger.                     Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality.Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is currently 80 bytes in size, and ignoring the significant pushback from the Bitcoin community and node runners. He also said:You can argue whether that's something desirable or not, but saying you can't define it is a stalling tactic meant to avoid the real argument about actual impact — particularly, the long-term impact of this change,” Song continued.Read more