Bitcoin and Gold Rally as Investors Shift from USD Risk Assets
- Bitcoin rose to $89,000, marking a 37% increase year-to-date.
- Gold futures surpassed $3,500 for the first time on April 22.
- Spot gold reached $3,498, gaining over 30% year-to-date.
- US-listed spot Bitcoin ETFs saw net inflows of approximately $381 million on Monday.
The simultaneous rise in Bitcoin and gold prices indicates a shift away from USD risk assets. Both assets have shown significant gains, with Bitcoin reaching $89,000 and gold futures exceeding $3,500. This trend suggests a potential decoupling of Bitcoin from traditional markets.
Source (2.6)https://cryptobriefing.com/bitcoin-gold-rally-decoupling/?rand=59535
