Asian stock markets and precious metals have rebounded strongly after experiencing their steepest two-day decline since April, but Bitcoin continues to lag behind traditional assets in this bullish wave.
In Tuesday's trading, South Korea's KOSPI stock index led the way with a 5.63% jump, followed by Japan's Nikkei index with a 3.90% increase and India's Sensex with a 2.70% increase.
Gold also recovered some of its recent decline by rising about 4% and returned to the $4,810 range. Increased demand from Chinese buyers in the Shenzhen bullion market on the eve of the Chinese New Year has played an important role in the recovery of gold and silver prices and has brought bullish sentiment back to the metals market.
In contrast, Bitcoin, although it has grown by about 4% over the past 24 hours and reached the $78,900 range, remains under pressure on a weekly basis.
BTC’s 12% weekly drop is more than double the decline in gold prices, indicating that capital is still leaning towards traditional assets.
This divergence has fueled investor skepticism and has traders looking more cautiously for a bottom in Bitcoin. Analysts are warning that a “dead cat bounce” is possible and that the market needs confirmation of a sustained uptrend to bounce back.
