New Delhi, Nov. 24 -- A sharp drawdown in Bitcoin prices has revived an old debate: Will crypto meltdown spark a gold price rally? The comparison between the two "stores of value" has only grown louder over the years. Yet 2025's gold rally tells a different story.

Bitcoin prices have slumped nearly 25% this month, falling to a low near $80,500 last Friday. While the crypto token rebounded to $86,000. About $1.2 trillion has been wiped off the market value of all cryptocurrencies in the past six weeks as of November 22, according to market tracker CoinGecko.

This latest slump has been driven primarily by spot selling - including redemptions from large exchange-traded funds, long-dormant wallets offloading holdings, and fading demand from...