Bitcoin and gold trends diverge; cooling speculative sentiment is the root of the disagreement
Since the beginning of 2024, gold prices have increased by 153%, while Bitcoin has fallen by about 30%. This gap is due to the cooling of Bitcoin speculative sentiment, which is related to tech stocks, whereas gold is closely linked to the growth of the global M2 money supply. The crypto market's demand for gold has risen, with Binance gold futures trading volume surging, indicating that investors are shifting funds into traditional hard assets.
ETH1,32%
MarketWhisper·02-28 05:07
