Traders are puzzled as to why bitcoin is lagging behind gold, silver, and stocks

As the end of 2025 approaches, debates have resurfaced over the idea that bitcoin and other crypto assets have gone their own way, drifting away from precious metals such as gold and silver.

Moreover, the correlation with U.S. equities has disappeared, as stock indices and precious metals reach record highs while cryptocurrency prices remain largely unchanged.

Bitcoin investors cannot understand why stocks and precious metals are on the rise, while the leading digital asset, along with altcoins, continues to struggle.

Bitcoin is down 28% from its peak and posts its worst fourth quarter in seven years

Overall, the community believes there is no objective explanation for bitcoin’s weakest fourth-quarter performance in seven years, especially in the absence of any negative events. All that is being observed is pure manipulation.

One Reddit post examined the situation from a different angle: does bitcoin’s underperformance indicate declining confidence in it as a serious hedging instrument, or is it simply gaining momentum more slowly than gold and copper?

“This is an interesting signal, but I see it more as rotation than rejection. Gold equals fear / debt protection, copper equals real growth and electrification,” one Reddit user wrote in response to a forum post. “BTC usually lags at these stages and then reacts later, when liquidity expectations change.”

It has not yet been adopted by sovereign states, but it is also not valued as infrastructure, and this very “identity gap” explains why the current moment is so important.

Regardless of how the current situation is interpreted, the discussion itself indicates that the market is still searching for its next catalyst.

See also: "XRP Price Defends “Flash Crash” Support with 5.5% Bounce, but Volume Lags"

#Crypto Market #Gold #Silver #Stocks

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