Bitcoin price stumbles as gold price hits $2.5K for the first time ever

Bitcoin could hardly look less like gold as sideways BTC price moves meet all-time highs.

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Bitcoin (BTC) disappointed at the Aug. 16 Wall Street open as rangebound BTC price action contrasted with new record highs for gold.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surfing both ends of a $1,500 intraday trading range.

Having avoided a retest of $56,000 lows from the day prior, Bitcoin nonetheless failed to impress market observers.

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