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Bitcoin and precious metals fall together, challenging Bitcoin's digital gold status

Market News
28 Sep 2026
Tokenpost
View Source
Bearish
Bitcoin and precious metals fall together, challenging Bitcoin's digital gold status

On September 28, Bitcoin dropped 2.7% to an intraday low of $82,780, coinciding with significant sell-offs in gold and silver. Gold futures declined 2.11% to $4,197.40 an ounce, and silver fell 3.59% to $62.47, resulting in a combined market loss exceeding $550 billion. This synchronized decline questions Bitcoin's role as a safe haven like digital gold during market stress. Tokenized gold, such as PAX Gold, also saw a price drop during the session. Bitcoin later recovered above $83,000, but the event highlights its vulnerability to traditional market trends.

Bitcoin is trading at Rp1.492.960.511 on Pluang, down 1.78% as of Sep 28, 2026 15:12 WIB. PAX Gold is also lower at Rp74.843.284 with a 2.39% decline, showing continued selling pressure on both digital and tokenized gold assets.

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