Khaberni - Gold has become more volatile than the currency "Bitcoin", indicating that the sharp rise of the precious metal has turned into violent price fluctuations comparable to its most tumultuous times over the past two decades.
According to "Bloomberg" data, gold volatility over 30 days rose to more than 44%, the highest level since the global financial crisis in 2008. This exceeds the volatility level of about 39% for "Bitcoin", the world's first cryptocurrency, which is described as digital gold.
This came after a broad collapse witnessed by the precious metals market, with gold and silver losing $4.02 trillion in market value in a single day. Over the past three days, the total losses for the precious metals market exceeded $10 trillion, according to analysts.
This represents an unusual reversal, as gold is usually seen as a more stable store of value compared to cryptocurrencies, which are known for their high sensitivity to speculation. Since the launch of "Bitcoin" 17 years ago, gold has only been more volatile than it on two occasions, the last of which was in May last year during the escalation of trade tensions provoked by tariff threats from U.S. President Donald Trump.
Recently, economic uncertainty has driven precious metals to record levels that even market veterans did not expect. In contrast, "Bitcoin" did not benefit from the same factors, as it fell to its lowest level in ten months this Monday following a sell-off over the weekend, extending its losses to more than 40% since its peak last October.
