Here’s a take on why both Bitcoin and gold took a dip on May 12:

It all started with positive vibes from the latest U.S.–China trade talks—tariffs got slashed for 90 days, so Wall Street rallied, and suddenly safe-haven assets lost their shine. Gold futures slid about 1.4% as investors rotated into riskier spots.

Bitcoin jumped up briefly on the same news—hitting around $105,500—but quickly gave most of that back, ending the day roughly 3% lower at $101,300. Traders chalked that up to quick profit-taking and rising U.S. Treasury yields, which tend to steal crypto’s thunder by boosting the dollar.

On top of that, the old “Sell in May” adage kicked in: when markets heat up, we often see a seasonal pullback as folks lock in gains. So, is this a fresh downtrend or just a market brew break? Probably the latter—both assets needed a breather after big recent rallies. Just keep an eye on yield moves and trade headlines; they’re the main drivers for both gold and Bitcoin right now. $BTC