Crypto Update Today, October 18: Gold Sold Off as BTC Value Shifts | Is Wealth Shifting to BTC USD?
While the majority of announcement organizations aren’t covering it today, there’s an intriguing shift occurring as gold prices decline, dropping over 2% from approximately $4,390/oz to below $4,200. Concurrently, the price of Bitcoin (BTC USD) remains stable just below $107,000, reflecting a 1.6% increase for the day.
Trading activity for BTC USD surged close to $78 billion in the past 24 hours, suggesting a subtle shift of funds from conventional assets to digital currency.
The notion of capital flowing into Bitcoin USD is starting to gain momentum. Bitcoin’s trading market capitalization is around $2.13 trillion, highlighting the strength of the leading cryptocurrency even as gold experiences a decline.
Data from on-chain and the ecosystem base level this view, with the stablecoin trading market cap rising. There has been a monthly increase of 5.7% to $307 billion, according to DefiLlama, while the total value locked (TVL) in DeFi hovers around $149 billion, accompanied by a 3.8% weekly increase in DEX trading volumes.
(source – Stablecoins MarketCap, Defillama)
From a technical standpoint, BTC USD appears promising. On the daily chart, the MACD has exhibited a optimistic crossover. The token supply is tightening with each halving, reinforcing the scarcity narrative, one of the arguments against gold.
Additionally, the correlation data between BTC and gold presents an interesting picture. The short-term (30-day) correlation has dropped into negative territory (-0.54), indicating that they have recently moved in opposite directions. However, the longer-term correlations (90 and 365 days) remain moderately positive (0.39 and 0.60, respectively).
Simply put, a decline in gold doesn’t necessarily mean BTC will also decline. In reality, it might indicate the contrary. So, what’s on the horizon?
DISCOVER: 16+ New and Upcoming Binance Listings in 2025
Strengthening Bitcoin Price as Indicators Suggest BTC USD Upside: Sentiment, Market Positioning & the Bullish Argument
Market sentiment is firmly entrenched in “fear.” Currently, the crypto fear & greed index stands at 23/100 according to CoinCodex, categorized as Extreme Fear. Historically, such low readings have often foreshadowed favorable reversals for Bitcoin’s price. As Buffet famously stated:
Be greedy when others are fearful, and fearful when others are greedy.
Crypto Fear and Greed Chart
1y
1m
1w
24h
Analysis of social media indicates more bullish than downtrend discussion. We instructed GROK to analyze sentiment from 50 bullish vs 50 bearish posts, and the AI model reveals that bearish posts engage more users. Based on this, it’s safe to conclude that sentiment is currently at a low point.
(source – GROK)
On Polymarket, participants are tending toward the belief that Bitcoin USD will dip below $100,000 by the end of the year, carrying a 68% likelihood. However, the contrarian perspective holds: when the crowd anticipates stagnation or decline, the trading market frequently surprises with an upward movement, often through short squeezes or fund shifts.
(source – Polymarket)
Recently, Michael Saylor expressed a cautious outlook for the near term but maintains his long-term view. Some view this cautiousness as a strategic setup for a forthcoming upward move, while others foresee weakness. He characterized this dip as an opportunity.
Market fluctuation is a gift to the faithful.
— Michael Saylor (@saylor) October 17, 2025
As gold recedes and BTC prices solidify, the likelihood of capital inflows into Bitcoin USD becomes apparent. With improved ecosystem metrics, low sentiment, scarce supply, and encouraging technical indicators, we might be witnessing the early stages of wealth rotation.
Disregard the announcement and today’s pessimism; Bitcoin and digital currency could be gearing up for their next move.
DISCOVER: 10+ Next Crypto to 100X In 2025
Join The 99Bitcoins News Discord Here For The Latest Trading market Updates
SLERF Skyrocketing +600% After Delisted from Binance: Best Meme Crypto token to Buy?
The crypto community’s favorite transformation, converting negative announcement into opportunity, has manifested again with SLERF, which is being viewed as the top meme coin to acquire at present. Following Binance’s update of the removal of SLERF’s perpetual futures contract, the coin surged by over 600% amid short squeezes and heightened excitement.
This isn’t merely another meme surge; it exemplifies a classic “reverse psy-op” where a delisting acts as a trigger. For meme traders and speculators driven by FOMO (BUY PANIC), SLERF digital currency might be signaling a major opportunity. Let’s break it down.
Read the complete story here.
The post Crypto Update Today, October 18: Gold Dumped as BTC Price Reverses | Is Wealth Rotating to BTC USD? appeared first on 99Bitcoins.
