Bitcoin retreats to $87,000 from October highs as gold, silver and stock markets rise

Bitcoin and the broader crypto market have retreated from their record highs in October to $87,000, even as the gold, silver and stock markets continue to rise. The cryptocurrency was trading at $87,556.Over the past 24 hours, Bitcoin fell 1.18%, while Ethereum fell 0.89% to trade at $2,934. Among the major altcoins, BNB, Solana, Tron, Cardano and Hyperliquid are up 4% over the past 24 hours, while XRP and Dogecoin are down 0.83% and 2.37% respectively over the same period.

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Piyush Walke, Derivatives Research Analyst at Delta Exchange said Bitcoin and the broader crypto market have retreated since hitting an all-time high in October, even as the gold, silver and stock markets continue to rise and this split doesn’t look like a typical move into safe-haven assets.

Walke added that instead, it appears investors and institutions are adjusting their positions in response to rising geopolitical tensions, signs of a slowing U.S. economy and ongoing trade concerns.

Over the past week, Bitcoin and Ethereum fell by 0.93% and 1.78% respectively. Among the major altcoins, BNB,

Nischal Shetty, founder of WazirX, said major crypto markets have continued to digest recent gains and positioning over the past 24 hours, with Bitcoin hovering around key levels and trading within a relatively narrow range.

“The price action reflects the limited liquidity that characterizes year-end sessions, with moderate volumes keeping large assets in a consolidation phase rather than fueling clear directional trends. This cautious backdrop is consistent with traders monitoring technical resistance levels and seasonal patterns.”

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Shetty added: “Bitcoin’s price action is likely to remain choppy and momentum-driven, shaped by global liquidity shifts and FX volatility. Technically, BTC is consolidating above the major moving averages, with the 200-DMA acting as structural support. At the same time, momentum indicators such as RSI are hovering near neutral, suggesting room for a directional breakout as macro signals become clearer.”