There are several main reasons why Bitcoin is feeling the pressure right now and perhaps one of the more surprising ones is Gold prices. While Bitcoin is struggling, gold has been doing very well, reaching record highs over $5,500 an ounce. Investors looking for a "safe" place to hide from economic trouble are currently choosing gold over Bitcoin. While gold prices have jumped to record highs, Bitcoin has been stuck in a slump, losing about 30% of its value since its peak in October. This suggests that Bitcoin isn't behaving like gold when things get rocky in the real world.