Gold Prices Hit All-Time Highs: What Does This Mean for Bitcoin?BitcoinCRYPTO:BTCUSDCarl_GindovelliGold prices surged to new highs in early September, driven by global uncertainty and new US trade barriers. Bitcoin retested a two-month low near $107,350, extending its three-week decline since its all-time high of $124,474 in August. During this period, the correlation between gold and Bitcoin remained near zero, challenging the "digital gold" narrative but supporting their use as complementary hedges. While gold shines, Bitcoin finds itself at a crossroads. The BTC sell-off has had broad repercussions across the cryptocurrency market. A research report this week highlighted that the ETH/BTC exchange rate has stabilized at 0.04 over the past ten trading days, signaling a pause in Bitcoin's bullish momentum. Furthermore, BTC’s average daily spot trading volume also fell to $2.9 billion this week. “Despite the downward trend, activity has remained high, with smaller weekly changes since mid-July compared to Q2 – indicating a vibrant spot market as BTC continues to consolidate in the $110,000 range.” BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD