Gold and Bitcoin: Same Macro Tape, Different Bids

Friday, Feb 6, 2026 3:07 am ET1min read
BTC--

Gold prices are currently at $4,906/oz, while Bitcoin is at $72,639. Despite the same macroeconomic tape, gold is absorbing flows due to its attractive convexity and strong demand from ETFs and central banks. In contrast, Bitcoin is trading lower after a bounce, as desks cut their positions due to rising margins, repriced real yields, and higher equity volatility.

Gold and Bitcoin: Same Macro Tape, Different Bids

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