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Gold prices drop over 8.5% after August peak; Bitcoin holds 20% gains despite market volatility.

Market News
02 Sep 2026
Blockonomi
View Source
Neutral
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Gold prices surged in August following a US Treasury liquidity support program but have since fallen more than 8.5% from their peak, erasing earlier gains. Bitcoin also rose sharply, climbing from around $64,000 to about $81,500, and despite a recent pullback to $77,000, it still maintains roughly a 20% gain. The market shift was influenced by Treasury buyback expansions that initially lowered bond yields and boosted risk assets, but hawkish remarks from Federal Reserve officials later reversed some of these gains. Bitcoin now faces additional pressure from spot ETF outflows, while gold has dropped below its pre-rally level. Future movements depend on bond yields, Federal Reserve policy, and ETF demand.

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