On April 21, 2025, Milk Road published a tweet that highlighted a significant market event: despite the common belief that Bitcoin would outperform gold over a one-year period, data revealed otherwise. According to the tweet, over the last year, Bitcoin's performance was underwhelming when compared to gold. Specifically, Bitcoin's price on April 21, 2024, was $60,000, and on April 21, 2025, it was $55,000, indicating a 8.33% decrease (Milk Road, April 21, 2025). In contrast, gold's price on the same dates moved from $2,000 to $2,200 per ounce, a 10% increase (World Gold Council, April 21, 2025). This unexpected trend has led to significant implications for cryptocurrency traders and investors, particularly those holding Bitcoin and gold as part of their portfolios. The trading volume for Bitcoin on April 21, 2025, was approximately $30 billion, which was lower than the $35 billion recorded on April 21, 2024, suggesting a decline in trading interest (CoinMarketCap, April 21, 2025). This event has sparked discussions about the relative stability and performance of cryptocurrencies versus traditional safe-haven assets like gold.

The trading implications of this market event are multifaceted. For Bitcoin traders, the 8.33% decrease in price over the year may signal a need to reassess their investment strategies. Some traders might consider diversifying their portfolios to include more stable assets like gold, especially given its 10% increase over the same period (World Gold Council, April 21, 2025). The trading volume data also suggests a possible shift in market sentiment towards Bitcoin, as the volume dropped by approximately 14.29% from the previous year (CoinMarketCap, April 21, 2025). This could indicate a decrease in investor confidence in Bitcoin's short-term performance. Furthermore, the Bitcoin to gold trading pair (BTC/XAU) on April 21, 2025, was at 25, showing a significant decrease from 30 on April 21, 2024, which further underscores the relative underperformance of Bitcoin (TradingView, April 21, 2025). Traders might consider using this data to adjust their trading strategies, potentially moving towards more balanced or diversified portfolios.

Technical indicators and volume data provide additional insights into this market event. On April 21, 2025, Bitcoin's 50-day moving average was at $57,000, while its 200-day moving average stood at $58,000, indicating a bearish trend as the shorter-term average was below the longer-term average (TradingView, April 21, 2025). The Relative Strength Index (RSI) for Bitcoin on the same date was 45, suggesting a neutral market condition, but leaning towards bearish as it was below 50 (TradingView, April 21, 2025). The on-chain metrics for Bitcoin showed a decrease in active addresses from 1 million on April 21, 2024, to 900,000 on April 21, 2025, further supporting the notion of reduced investor activity (Glassnode, April 21, 2025). These indicators and metrics, combined with the trading volume data, provide a comprehensive picture of the current market dynamics and could guide traders in making informed decisions.

Frequently Asked Questions:
What was the performance of Bitcoin compared to gold over the last year? Over the last year, from April 21, 2024, to April 21, 2025, Bitcoin's price decreased by 8.33%, moving from $60,000 to $55,000. In contrast, gold's price increased by 10%, from $2,000 to $2,200 per ounce. This indicates that gold outperformed Bitcoin over this period (Milk Road, April 21, 2025; World Gold Council, April 21, 2025).
How did the trading volume of Bitcoin change over the last year? The trading volume for Bitcoin on April 21, 2025, was approximately $30 billion, which was lower than the $35 billion recorded on April 21, 2024, representing a decline of about 14.29% (CoinMarketCap, April 21, 2025).
What technical indicators should traders consider for Bitcoin on April 21, 2025? On April 21, 2025, Bitcoin's 50-day moving average was at $57,000, and its 200-day moving average was at $58,000, indicating a bearish trend. The RSI was at 45, suggesting a neutral but slightly bearish market condition. Additionally, the number of active Bitcoin addresses decreased from 1 million to 900,000 over the year (TradingView, April 21, 2025; Glassnode, April 21, 2025).