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Gold falters amid macro pressures; Bitcoin holds trend
CoinDesk·
Gold is experiencing significant pressure, nearing a technical bear market due to rising real interest rates and inflation concerns stemming from oil prices. Despite geopolitical tensions, gold's traditional role as a safe haven is being challenged. In contrast, Bitcoin is showing resilience, consolidating in a pattern historically preceding upward price movements. When adjusted for money supply, Bitcoin's current position mirrors previous cycles that led to new highs, suggesting potential for future growth. Gold, however, appears to be consolidating at elevated levels relative to liquidity, potentially forming a floor.
Tickers
$BTC-USD
Tags
macro
crypto
fintech
Original Source
CoinDesk — coindesk.com