Bitcoin is struggling to find its footing near the $88,000 mark even as traditional safe-haven assets reach historic milestones. Since assets are typically priced in U.S. dollars, a collapsing dollar index should logically inflate the valuation of risk and safe-haven assets. “Bitcoin’s recent stagnation reflects a market that’s still trading macro first, narrative second,” Wenny Cai, COO at SynFutures, told Decrypt. "One significant acceleration in gold followed by significant profit-taking is enough to spark a significant Bitcoin rally," Caselin added. Still, gold's rally is not bad news for Bitcoin, nor is the top crypto’s consolidation.