Risk aversion boosts gold, hurts bitcoin (BTC) price: Crypto Daybook Americas

Risk aversion boosts gold, hurts bitcoin: Crypto Daybook Americas Your day-ahead look for Dec. 23, 2025 What to know: You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. Risk aversion puts the brakes on any bitcoin advance. (GoranH/Pixabay modified by CoinDesk) SOL's daily chart in candlestick chart. (TradingView) Crypto Daybook Americas will be on hiatus for a while starting Wednesday. We'll be back Jan. 5 with your regular wake-up call of what stirred the industry overnight and what's coming up in the day ahead. Wishing you and yours a wonderful holiday season! By Omkar Godbole (All times ET unless indicated otherwise) See all newsletters The crypto market mood remains somber ahead of the U.S. GDP data report due later today, which is expected to show the world's largest economy held firm in the third quarter. Bitcoin , the largest cryptocurrency by market value, fell to $87,500 after failing to hold gains above $90,000 on Monday. All 16 CoinDesk indexes are down over 24 hours, with the DeFi Select index dropping 4% and the metaverse index losing over 3%. HASH and RAIN are the only top-100 tokens by market cap to have gained more than 6% over the past 24 hours. The overall weak tone is confounding, given the continued decline in the dollar index, which generally bodes well for risk assets, including cryptocurrencies. The DXY has dropped below 98.00 and is on the verge of hitting its lowest since early October. "It is noteworthy that this occurred against the backdrop of a decisive rally in gold and other precious metals, as well as the momentum of the weakening dollar. This once again highlights the change in the underlying attitude to risk, which is also confirmed by the sell-off of global bonds," Alex Kuptsikevich, chief market analyst at FxPro, said in an email. "In the coming weeks, we can expect an even more pronounced decline in cryptocurrencies, as well as the spread of risk aversion to stocks and currencies of developing countries," he said. At 8:30 a.m., the U.S. Bureau of Economic Analysis will unveil its preliminary estimate for the third-quarter gross domestic product. Most economists forecast an annualized 3.2% growth rate for the period, with some eyeing a print as high as 3.5%. Figures like these indicate a slowing from the second quarter's 3.8% pace, yet still comfortably exceed the 2.6% average maintained since late 2021. A weaker-than-expected print could reignite demand for BTC, though it will be interesting to see whether it sustainably lifts prices above $90,000, a level that has acted as a ceiling lately. In traditional markets, futures tied to the S&P 500 and Nasdaq are little changed, indicating a lack of directional clarity at the opening bell. Historically, these indexes have...

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