In 2025, Bitcoin (BTC) and altcoins showed strong movements in both directions, influenced by macroeconomic developments.
However, gold rose significantly due to interest rate cut expectations and geopolitical risks.
Gold has reached new highs while Bitcoin and Ethereum (ETH) are struggling to maintain key levels.
At this point, gold has overtaken Bitcoin and other cryptocurrencies and significantly outperformed Ethereum.
While the year-long rise in gold prices suggests further upside potential, slowing institutional buying and weakening narratives are dampening Ethereum’s upward momentum.
This divergence was also reflected in investor expectations.
In the popular prediction market Polymarket, participants initially predicted that gold would reach $5,000.
According to the data, the probability of gold reaching $5,000 for the first time was estimated at 71%.
Gold is currently trading around $4,480 per ounce and looks very close to its target. In contrast, Ethereum continues to trade below $3,000 and would need a 70% rally to reach $5,000.
In the summer of 2025, increased inflows to DAT and Spot Ethereum ETFs caused a significant rally, pushing the price to nearly $5,000.
The combination of these factors created the impression that Ethereum could break through the $5,000 psychological resistance level, but the uptrend was short-lived. Since then, buying momentum has slowed and prices have fallen.
*This is not investment advice.
