Fidelity: Bitcoin at 'Very Bottom' With Gold

Fidelity’s Jurrien Timmer highlighted a sharp first-half 2026 rotation in global asset performance: emerging markets, small caps, and Japan led the pack while Bitcoin, gold, and long-term bonds fell to the bottom of the leaderboard. The article frames Bitcoin’s weakness as part of a broader underperformance in traditional safe havens and alternative assets, noting that Bitcoin and gold unusually ranked together among the worst performers. The market takeaway is that risk appetite favored select equities and non-U.S. markets, while BTC sentiment turned cautious amid relative weakness versus most liquid asset classes. The article also notes BTC’s price at $62,151, down 2.55% at the time of publication.