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Bitcoin’s weak 2026 performance has coincided with sharp gains in metals and semiconductor giants, raising concerns that the cryptocurrency could continue losing ground.\nWhat to know : Bitcoin is down 11% year to date and nearly 30% over the past year, while metals and semiconductor stocks have posted major gains. Gold surged to a record $5,600 per ounce in January before easing back to around $4,486, while silver climbed as high as $120 per ounce and now trades near $76. TSMC and Broadcom have overtaken bitcoin in market capitalization, while Micron Technology recently crossed the $1 trillion valuation mark amid the ongoing AI and semiconductor driven rally.