Gold has surpassed Bitcoin in volatility - ForkLog: cryptocurrencies, AI, singularity, the future

Froklog · 2026-02-04T12:09:17+00:00

Recent data indicates that gold has surpassed Bitcoin in volatility, with a 30-day volatility rate exceeding 44%, the highest since the 2008 financial crisis. Historically considered more stable than cryptocurrencies, this reversal is rare. Gold's rise follows significant price drops, while Bitcoin has struggled, losing over 40% since its October high. Despite Bitcoin's instability, gold remains a more profitable investment over the past year.

Froklog

2026-02-04 12:09:17

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# Gold Outperformed Bitcoin in Volatility

The 30-day volatility of gold surged above 44% — the highest level since the 2008 financial crisis. The indicator exceeded Bitcoin’s volatility, which stands at 39%, according to Bloomberg.

Such inversion is rare in the market. Traditionally, precious metals are considered more stable assets compared to cryptocurrencies.

In the 17 years of digital asset existence, gold has been more volatile than Bitcoin only twice. The last time was in May amid escalating trade tensions.

The increase in the indicator followed a sharp decline in prices. On February 2, the price of the metal dropped by 10%, reaching $4,400 per ounce at one point. A week earlier, the asset’s value was at a peak of around $5,600.

The start of the year rally was fueled by geopolitical risks and concerns over the independence of the Federal Reserve. However, the first cryptocurrency did not receive support from these factors.

Bitcoin’s price fell to a 10-month low, losing over 40% from its October high. Meanwhile, gold maintained its lead in returns: over the past 12 months, it increased by 75%, while the digital asset lost 18%.

Recall that in January, the precious metal outperformed the crypto market leader in five-year returns.

BTC-3,76%

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