Bitcoin’s performance in 2025 has lagged expectations. Year to date, the asset is up about 22%, compared with a 17% gain in the Nasdaq Composite and a striking 46% surge in gold prices. This raises the question many traders are asking: is bitcoin topped?Year-to-date performance of bitcoin (BTC), Nasdaq 100 ETF (QQQ), and gold ETF (GLD) in 2025.google financeOften described as both “digital gold” and a tech proxy, bitcoin has underperformed gold this year while only slightly outpacing major equity indices. W ...