Bitcoin is back in the spotlight this week, jumping more than 4.3% and outperforming nearly every major asset class, according to data shared by Ecoinometrics and CryptosRus.
Meanwhile, gold tumbled 2.9%, standing out as the only major asset posting losses, a textbook sign that global markets have shifted back into risk-on mode.
Bitcoin Leads as Capital Rotates From Safety to Growth
The sharp divergence between gold and Bitcoin suggests a rotation out of safe-haven assets and back into growth-oriented investments like equities, bonds, and crypto. Bitcoin, often seen as the “high-beta version of global liquidity,” is benefiting from renewed investor appetite for risk.
THE RISK SWITCH JUST FLIPPED BACK ON$BTC is up +4.3% this week – one of the top-performing assets in the market. Meanwhile, gold’s down nearly 3%, the only major asset flashing red.
That’s the textbook definition of a risk-on rotation.
Equities, bonds, and emerging markets… pic.twitter.com/HBFLWWu0Mh
— CryptosRus (@CryptosR_Us) October 28, 2025
Historically, when gold retreats and Bitcoin climbs, it signals that capital is flowing away from defensive assets and into speculative ones, the same dynamic that has preceded every major crypto bull run.
Global Markets Bounce Back
According to Ecoinometrics’ data, most major asset classes posted positive returns this week:
- S&P 500: +1.9%
- Russell 2000: +2.5%
- Nasdaq 100: +2.2%
- Emerging Markets: +1.7%
- Bitcoin: +4.3%
This broad recovery follows a risk-off week dominated by surging gold prices and falling equities. The reversal underscores renewed optimism ahead of key macro events, including the FOMC policy discussions and easing inflation expectations.
The Start of a New Crypto Momentum Phase?
Bitcoin’s recent performance suggests the early stages of a capital rotation from safety to growth, a trend that typically marks the beginning of broader crypto market rallies. With global liquidity improving and risk appetite returning, the market may be entering a new cycle of speculative expansion, with Bitcoin once again at the front of the pack.
