Bitcoin has diverged from gold's traditional behavior, retaining gains as gold prices fell sharply to a monthly low of $3,185 per ounce. This decline represents a 9% drop from an all-time high of $3,500 in mid-April, as investors increasingly shift towards risk-on assets like Bitcoin amid easing US-China trade tensions. Bitcoin's price surged approximately 17% to $103,600 from $88,200 during the same period. Meanwhile, gold's performance lagged, despite still outperforming Bitcoin year-to-date, gaining 23% compared to Bitcoin's 10%. The recent U.S. policy changes to reduce tariffs have driven this trend, leading to a stronger appetite for Bitcoin as a digital asset. Some analysts speculate if Bitcoin is decoupling from traditional risk assets and moving towards a role as a safe haven like gold. The ongoing dynamics suggest that the relationship between these two assets is evolving, especially as market sentiment shifts in response to geopolitical factors.

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