The performance of gold and bitcoin is still distinct.

According to Glassnode, a blockchain analytics business, safe-haven commodities such as gold and Bitcoin continue to outperform despite persistent global economic instability and upheavals in international trade relations.

In a study issued on April 16, the business stated that gold has achieved record highs, while Bitcoin has stayed constant over $80,000, indicating robust demand and market resilience in the face of adversities.

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Glassnode argues that these indications signal a systemic change in the global financial system.In the framework of the investigation, it was highlighted that swings in US Treasury rates, which fluctuated between 3.7% and 4.5%, generated significant chaos in financial markets, as seen by the MOVE and VIX indexes, which measure bond and stock market volatility, respectively.

This position has raised investor concerns, particularly considering rising rates.

Bitcoin, for its part, fell 32%, the most in this cycle but still less than prior cycles' drops.

Glassnode examined this evidence of rising investor confidence, observing that declines since 2023 have been smaller and more disciplined, showing a growing willingness to keep the currency during times of instability.The research also stated that profit-taking and loss-taking actions are now mostly balanced, resulting in generally neutral capital flows and enhancing the prospect of a prolonged consolidation phase.

Gold prices surged to $3,354 per ounce on April 16, up 26% from the start of the year, as investors seek safe-haven assets in an uncertain economic climate.