{"id":44651,"date":"2025-08-28T20:46:43","date_gmt":"2025-08-28T20:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44651"},"modified":"2025-08-28T20:46:43","modified_gmt":"2025-08-28T20:46:43","slug":"bitcoin-remains-under-pressure-as-gold-quietly-targets-new-record-high","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44651","title":{"rendered":"Bitcoin Remains Under Pressure as Gold Quietly Targets New Record High"},"content":{"rendered":"<div>\n<p>An attempted rally in crypto earlier on Thursday was met by steady selling throughout the U.S. afternoon hours.<\/p>\n<p>After rising above $113,000 level at one point, bitcoin (BTC) retreated to $111,800 late in the session, down about 0.7% over the past 24 hours. The selling in ether (ETH) and XRP (XRP) was a bit more sizable, with those tokens lower by 2.1% and 1.4%, respectively.<\/p>\n<p>Outperforming among the majors was Solana&#8217;s SOL (SOL), which rose 3.1% over the past day.<\/p>\n<p>Quietly on the rise even as bitcoin struggled mightily over the past two weeks is gold. The yellow metal was higher by another 0.8% on Thursday to $3,477 per ounce. <\/p>\n<p>For the month of August, gold&#8217;s outperformance is even more stark \u2014 a rise of nearly 4% as bitcoin slid 5.2%.<\/p>\n<p>At $3,477, gold now sits only a few dollars below its record high of $3,534 hit earlier this month on fears (now allayed) that Swiss gold bars would fall under punitive White House tariffs against Switzerland.<\/p>\n<p>For whatever reason, the macro developments \u2014 lower interest rates and weaker U.S. dollar \u2014 giving a boost to gold over the past weeks are failing to ignite a bid for digital gold, aka bitcoin.<\/p>\n<p>On tap for September appears to be the resumption of Federal Reserve rate cuts and one or possibly two new (likely dovish) Fed members appointed by President Trump. The year&#8217;s final four months could get interesting.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An attempted rally in crypto earlier on Thursday was met by steady selling throughout the U.S. afternoon hours. After rising above $113,000 level at one point, bitcoin (BTC) retreated to $111,800 late in the session, down about 0.7% over the past 24 hours. The selling in ether (ETH) and XRP (XRP) was a bit more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44651","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44651"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44651\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}