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Gold prices have recently surged to near record levels as the cryptocurrency market, particularly Bitcoin, experiences a significant decline.Amid growing uncertainty and caution among investors regarding the stock market bearish trend, many are turning to gold as a safe haven.

The recent Bitcoin decline has caused a stir in the cryptocurrency market, with prices plummeting from $126,000 to below $82,200.This staggering 32% drop has raised alarms among investors and analysts alike, as investor sentiment shifts to a more risk-off mentality.