For the past few months, there has been a lot of speculation in the market—who will hit the $5,000 landmark first? Gold or Ethereum? We got the answer today, Monday, after the market opened. While the news is a bit disappointing for crypto investors, a big event happened in financial history today.
Gold has surpassed Ethereum to break the record of $5,100 per ounce for the first time.
As I was analyzing the charts, I saw that the market sentiment had completely changed. On one hand, there is this incredible rise in gold, and on the other hand, Ethereum is struggling below $3,000. Ethereum’s price has fallen by about 10% in the past week and is currently trading around $2,883. However, Ethereum reached its all-time high of around $4,946 last August. But at the last minute, the old and reliable asset—gold—won.
## Why this sudden jump in the price of gold?
Many may wonder why investors are suddenly turning to gold from crypto. While searching for the answer, I found that the main reason behind this is international politics. President Donald Trump recently threatened to impose 100% tariffs on Canada. The reason? Canada is trying to make a new trade deal with China.
This threat by Trump has created instability in the global market. And we know that whenever geopolitical tension or uncertainty increases, smart investors move money from 'risky assets' (such as cryptocurrencies) and rely on gold as a 'safe haven' or safe haven. Bitcoin or Ethereum have not yet gained the status of 'safe haven' for traditional investors, but they are still behaving as risk assets.
## What the Prediction Market Said Before
The most interesting thing is that this event was not at all unexpected. If you look at the data of the prediction market called 'Myriad', you can see that its users have been predicting since November last year (2025) that gold will reach the $5,000 milestone before Ethereum. At that time, the price of gold was around $4,000. Today, their prediction came true.
## What awaits aus
Now the question is, what is the future of Ethereum? The current chart pattern and market sentiment do not look very promising. About 69% of the prediction market users think that Ethereum will fall further before turning around, possibly testing the $2,500 level. Giants like Goldman Sachs are also bullish on gold; they think that gold can reach $5,400 before the end of this year.
Friends, the situation is quite murky now. For those holding crypto, it's time for patience. And for those who wanted to play the safe game, gold did not disappoint. Let's see which way the market turns in the coming days in this three-way political chess game between Canada, China, and America.
Posted using SteemMobile
