Bitcoin Nears Key $81.3k Level Amid Market Uncertainty; Gold Hits Record Highs
Bitcoin's True Market Mean currently sits near $81.3k and is described as the market's fault line, carrying potential broad-market implications if breached.
Glassnode characterizes this level as separating time-driven drawdowns from more aggressive loss realization, a concept gaining importance in the post-October market regime.
Large-cap crypto assets have remained tightly correlated with Bitcoin over the past 90 days, reinforcing Bitcoin's role as the market anchor.
A sustained break below $81.3k could trigger selling pressure that spreads into the core market, while if the level holds, losses are expected to remain uneven.
At present, Bitcoin is trading around $86,400, down about 1% on the day and approximately 6.5% over the past week.
Ether is trading near $2,830, down about 3.6% on the day and roughly 15% for the week.
Meanwhile, gold prices have surged to record highs above $4,300 per ounce, driven by central bank buying and heightened geopolitical risk.
Forecasts from major banks suggest gold prices could rise toward $5,000 by 2026.
