Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Gold has surpassed the $5,000 mark, reflecting a growing interest in traditional safe-haven assets amid economic uncertainty. In contrast, Bitcoin is experiencing stagnation, hovering around $87,000, indicating a divergence in market trends between cryptocurrencies and precious metals. This widening split highlights differing investor sentiments, with some favoring gold's stability over the volatility of crypto assets. Analysts suggest that macroeconomic factors, including inflation and geopolitical tensions, are influencing these trends. The contrasting movements in gold and Bitcoin may signal a shift in investment strategies among market participants.
Read the full article: CoinDesk