As of Thursday morning, cryptocurrencies are trading sideways while gold prices continue to rise as rumors of a $4,000 per ounce price start to get louder.

Store of Value Showdown: Bitcoin Holds at $93K While Gold Rises

Bitcoin prices have remained flat over the past 24 hours, fluctuating above $93K. Meanwhile, gold continues to trade above $3,300 after hitting a new all-time high last week, with JPMorgan predicting the precious metal will break the $4,000 threshold sometime next year as investors ditch Treasury bonds and the U.S. dollar for the safe haven.

Market Indicators Overview

According to reports, Bitcoin is currently trading at $93,531.90. The flagship cryptocurrency is up 0.42% over the past 24 hours and 10.47% over the past week. Over the past day, BTC has fluctuated in a relatively narrow range between $91,696.71 and $94,212.90, indicating consolidation near recent highs.