Gold Surges Above $4,600 as Bitcoin Rebounds but Remains Constrained
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Gold Hits Record High: Spot gold surged to a record high of $4,600.33 per ounce on January 12, 2026, driven by heightened geopolitical and economic uncertainty, indicating a strong demand for safe-haven assets that may prompt investors to reassess its importance in asset allocation.
- Bitcoin's Lagging Rebound: Although Bitcoin's price rebounded to around $91,645, its performance remains constrained by ETF and derivatives market structures, reflecting a cautious market attitude towards Bitcoin as a high-volatility store of value compared to gold.
- Impact of Policy Risk: The criminal investigation facing Fed Chair Jerome Powell has raised market concerns about central bank independence, further boosting gold demand, while Bitcoin's inability to rise in tandem highlights the differing responses of the two assets in risk scenarios.
- Liquidity Conditions as a Key Factor: Gold can still rally under tightening liquidity conditions, whereas Bitcoin is more sensitive to the marginal buyer's cost of capital, suggesting that future price movements will depend on improvements in liquidity conditions and stabilization of market sentiment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
