Bitcoin Hits $110K as Gold Plummets 5.5% in One Day

• Bitcoin crosses $110,000 amid CME futures gap volatility.
• Gold tumbles 5.5% as bearish trends emerge.

On October 21, 2025, Cointelegraph reported that Bitcoin’s price surged to $110,000, signaling significant divergence from gold, which fell 5.5% in a single day. The price movements coincided with Bitcoin rebounding near the weekend’s CME futures gap, highlighting key volatility in the cryptocurrency market.

Bitcoin’s price gains were fueled by shifting liquidity visible in exchange order books. Data revealed that liquidity around Bitcoin’s spot price was increasing during this period. Meanwhile, gold struggled as analysts noted the potential emergence of a bearish "double top" trend reversal. Gold’s recent climb to all-time highs left it vulnerable to further retracement, with some forecasts suggesting a retest of $4,000 if this pattern holds.

Market observers identified Bitcoin’s 21-week exponential moving average (EMA) as a critical resistance level in its current rally. This metric is considered a key factor in assessing Bitcoin’s price trajectory. Despite Bitcoin’s recent gains, funding rates on derivatives exchanges indicated a risk-off sentiment among traders, with expectations of potential downside. However, price action showed a concentration of asks at $116,000 and above, suggesting further resistance.

The sharp divergence between Bitcoin and gold reflects evolving investor sentiment. Analysts have suggested that a pullback in gold’s historic bull run could encourage a shift toward riskier assets, including cryptocurrencies like Bitcoin. This trend underscores Bitcoin’s growing appeal among investors amid heightened market volatility.

As of October 21, 2025, 15:08 UTC, Bitcoin (BTC) is trading at $112,887.31, with a 1.18% change in the past 24 hours, according to CoinMarketCap.