Bitcoin Price Stalls While Gold Hits Record High Above $5,400 After Powell's Comments

The cryptocurrency market is witnessing a divergence as Bitcoin (BTC) shows muted price action, contrasting sharply with gold's surge to a historic peak. Following recent remarks by Federal Reserve Chair Jerome Powell, gold prices have accelerated, breaking the $5,400 per ounce barrier. This rally in the traditional safe-haven asset highlights investor sentiment shifting towards precious metals amid ongoing economic assessments. Meanwhile, Bitcoin, the leading digital currency, remains in a consolidation phase, with its price movement subdued and lacking significant bullish momentum. Analysts are monitoring this split performance, noting that while gold benefits from its perceived stability, Bitcoin's correlation or decoupling from macro indicators remains a key focus for crypto traders. The market's reaction underscores the complex interplay between monetary policy signals, traditional assets, and the evolving digital asset class.