Bitcoin fell 30% from its all-time high of $126,000 reached in October 2025.
Gold accumulates a YTD of 55%, while bitcoin falls 7% this year.
Bitcoin (BTC), gold (GOLD/USD) and the S&P 500 index (SPX) are experiencing clearly different behaviors. While the metal and the US stock market maintain gains, bitcoin went from setting a new all-time high last month to erasing the gains made during the year.
On October 6, 2025, the price of bitcoin reached an all-time high of $126,000 (USD), as reported by CriptoNoticias. Since then, it has fallen around 30%, with quotes reaching $80,000 this week.
The setback erased the accumulated performance of the year: bitcoin registers a drop from the beginning of 2025 to the current date of 7.79%, which means that the asset lost all the gains obtained.
While BTC had started the year with momentum following new institutional flows and favorable macroeconomic expectations, the recent correction left its annual variation in negative territory.
Gold maintains gains in 2025 of more than 50%
Gold maintained a different behavior. In October it exceeded USD 4,300 per ounce, marking a new all-time high. Although it subsequently recorded small corrections, the metal retains most of the gains made this year.
In fact, in 2025 it shows a growth of 55.05%, compared to the depreciation of bitcoin. In terms of the year, gold continues to be positive, driven by the demand for safe haven assets and persistent international economic uncertainty.
The S&P 500 also remains higher. The index maintains cumulative gains in 2025, supported by an equity market that has shown resilience despite bouts of volatility. Unlike bitcoin, the SPX has not suffered a pullback that would reverse its annual performance.
The SPX registers a rise of 10.59% in the year, despite a slight decline from USD 6,900, the record it hit last month. This can be seen in the following graph.
Bitcoin’s correction is closely linked to a wave of liquidations in the derivatives market. CriptoNoticias reported that, during the fall, more than USD 1 billion in leveraged positions in BTC were liquidated, which accelerates the selling pressure and deepens the decline.
Besides, the retreat occurs at a time of macroeconomic uncertainty: The market adjusts its expectations about Federal Reserve rates. Although many were observing new cuts, recent decisions have raised doubts and bitcoin has reacted with high volatility.