Tether has launched Alloy, a synthetic dollar product backed by Tether Gold, in a move that pushes the stablecoin issuer further beyond simple dollar tokens.
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This article was written by the News Desk and edited by Samuel Rae .
Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy weigh on market sentiment.
Goldman Sachs revised its year-end forecast for gold to $4,900, indicating a rise from current levels, but less than previously expected.
Ledn’s addition of Tether Gold lending comes as tokenized commodities expand, with the sector accounting for nearly 17% of the $43 billion RWA market.
Tether is focusing on stronger user demand, deeper liquidity, and broader long-term market opportunity for its leading products.
Altcoin spot demand fell to its weakest level in six years while the stablecoin market cap, stocks and AI industry continued to capture investors’ attention.
Coinbase Derivatives announced 24/7 gold and silver futures contracts for US traders.
Luke Gromen says Bitcoin’s failure to break decisively higher may reflect more than weak spot demand, arguing that paper instruments can temporarily absorb buying pressure in the same way derivatives have shaped the gold market for years. Speaking with Nathalie Brunell in a June 6 interview, the macro analyst said he has not materially rebuilt the Bitcoin position he previously reduced. “I nibbled a little bit,” Gromen said, but added that he has “not really bought back in in any real way.” The reason, he suggested, is that Bitcoin’s recent price action may be signaling something important about liquidity, market structure and the political sensitivity of hard-asset signals. Paper Bitcoin And The $58K-$72K Frustration Zone Brunell asked Gromen about his prior remark that Bitcoin could remain stuck in what she described as a “$58K to $72K gang for a while,” and whether BTC and gold prices could be suppressed. Gromen clarified that the comment was partly “tongue-in-cheek,” but said there is a serious mechanism behind the idea. Related Reading: Bitcoin At A Discount? Coinbase Exec Says Institutions And Govts Are Buying “I think the way they would do it is the expansion of derivatives, the way they’ve done it with gold historically,” he said. “I think you can in the long run. I don’t think you can do it with Bitcoin, but to the extent that you can expand derivatives, in the short run they can matter.” Gromen’s argument is not that Bitcoin’s supply can be changed, but that demand can be diverted. A buyer that otherwise would need to purchase spot BTC can instead buy a call option or another synthetic instrument. That still expresses bullish exposure, but it does not necessarily remove coins from the market in the same way self-custodied spot accumulation would. “Somebody wants to own Bitcoin, but they’re not buying Bitcoin. They’re buying a call on Bitcoin,” Gromen said. “If you didn’t have those derivatives there, then if you want to own Bitcoin, you got to own Bitcoin. Now, you can buy a derivative on Bitcoin, and it starts to get sloppier, looser.” For Gromen, that distinction matters most over shorter windows. He argued that policymakers can manage optics “to a lot of things” in the near term, even if they cannot do so indefinitely. Luke Gromen on why Bitcoin might keep stalling around $58k-72K: big players can satisfy demand with paper bets instead of buying real #Bitcoin, which holds the price back. It’s worked on #gold for years, but he doesn’t think it lasts forever with Bitcoin… https://t.co/yPAuJA3dKI pic.twitter.com/CwZ2cGwwW6 — Natalie Brunell ⚡️ (@natbrunell) June 9, 2026 Bitcoin As A Liquidity Smoke Alarm The derivative-suppression thesis sits inside a broader macro framework. Gromen described Bitcoin as “one of, if not the last functioning smoke alarm of liquidity,” and said its recent weakness is “telling us not good things.” In his view, liquidity is being absorbed elsewhere, most visibly by AI-related equities and by energy and commodities after the Iran war. “AI is sucking all the oxygen out of the room, all the liquidity out of the room, and it’s all in one area,” Gromen said. “And I think that’s happening to Bitcoin as well. I think it’s a victim of that as well.” He argued that the equity rally is narrower than headline indices suggest, with AI-linked names carrying much of the move. That makes Bitcoin’s lag more relevant to him: if BTC is a liquidity-sensitive asset and it is not confirming the strength in stocks, the market may be less healthy than the index level implies. Related Reading: Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC Gromen linked the issue to the US effort to run the economy hot, weaken the dollar and reshore production. Those forces, he said, should be positive for gold and Bitcoin in a freer market. But they also risk sending an uncomfortable message. “There are elements in the US that don’t want to see that because those things will be communicating to the world, hey, you’re just inflating,” he said. “Hey, you’re just inflating. And that creates some issues on the financing side with the Treasury market.” His base case is not a conventional crash, but a shift in the measuring stick. He expects equities to rise in dollar terms while falling when priced in gold and Bitcoin. In that scenario, hard assets outperform nominal claims, while 10-year Treasury yields remain broadly contained in the 4% to 4.5% area. That is why Gromen does not see any potential suppression of Bitcoin as permanent. Paper markets can delay a move. They can blur the signal. But in his framework, they cannot eliminate the underlying macro pressure. “In the short run, they can manage the optics,” he said. “In the long run, they can’t.” At press time, BTC traded at $60,966. Featured image created with DALL.E, chart from TradingView.com
Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the biggest platforms are finding a lucrative new source of volume in Wall Street-style bets on gold, silver, oil, stocks, and indexes. According to a CryptoQuant report shared with CryptoSlate, the shift is emerging during one of the weakest trading periods for […]
The post Crypto exchanges are losing retail traders but are filling the gap with Wall Street-style bets appeared first on CryptoSlate.
Bitcoin’s market cap has dropped to roughly $1.46 trillion, pushing it below several major technology companies and commodities in global asset rankings. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Gold Holds Top Spot As BTC Slides Gold remains the world’s most valuable asset at nearly $31 trillion, with Nvidia, Apple, Alphabet, Microsoft, Amazon, TSMC, Broadcom, Saudi Aramco, Tesla, and Meta Platforms all ranked above Bitcoin. The drop reflects mounting pressure on the cryptocurrency from multiple fronts — including rising inflation, geopolitical conflict, and weakening investor sentiment. Ki Young Ju, chief executive of crypto analytics firm CryptoQuant, now says the bear market could stretch into early 2027. His assessment is based on an on-chain profitability model that tracks how long investor losses typically drag on once profit-taking begins to unwind. Once profit-taking cascades, Bitcoin investors’ PnL typically falls for about 18 months. Since the trend turned in Oct 2025, the bear market could last until early 2027. The trend only changes when unrealized profits rise and realized profits fall. We’re not there yet. pic.twitter.com/fQyIRLu8vv — Ki Young Ju (@ki_young_ju) May 29, 2026 According to Ju, the decline in investor profits started in October 2025. He argues the trend has followed a roughly 18-month pattern seen in previous downturns, pointing to similar cycles in 2014, 2018, and 2022. Bear Market Clock Started In October 2025 The CryptoQuant PnL Index Signal — a chart that measures investor profitability using 365-day moving averages — shows the indicator rolling over after hitting a peak last year. Ju posted the chart on X, noting that a recovery will only be confirmed when unrealized profits rise while realized profits fall. That shift has not happened yet, he said. Bitcoin was trading near $73,289 at the time of the report, down slightly over a 24-hour period. Data from CoinGlass shows total open interest in the derivatives market fell to around $55 billion, while liquidations over the same period hit close to $224 million. Long Traders Take The Brunt Of The Damage Long positions bore the bulk of those losses. Over $30 million in bullish bets were wiped out in 24 hours, compared to around $17 million in short liquidations. Despite those figures, the long-short ratio on major exchanges including Binance and OKX still leans bullish. Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: Analyst Broader macroeconomic conditions are adding to the pressure. US PCE inflation climbed to 3.8% year-over-year in April, and Fed rate hike odds have risen sharply in response. Reports indicate that tensions between the US and Iran have also rattled global markets, with risk sentiment across crypto continuing to weaken. Featured image from Pexels, chart from TradingView
Crypto analyst Crypto Patel has outlined a roadmap for a Litecoin rally to $1,000. He noted that LTC is currently in a multi-year accumulation phase, which is why he remains bullish despite the altcoin being down over 80% from its all-time high. The Roadmap For A Potential Litecoin Rally To $1,000 In an X post, Crypto Patel divided the roadmap for a Litecoin rally to $1,000 into three phases. Under the first phase, he expects LTC to reclaim the $100 to $140 zone between now and next year. Under phase 2, he predicts the altcoin could rally to between $200 and $280, which could happen between post-halving and 2028. Related Reading: Is Litecoin “Dead Money” Or Is It About To Do What Solana Did In 2024? Furthermore, Crypto Patel stated that Phase 3 will be the bull cycle peak, which could be between 2028 and 2029. This is when he expects LTC to sweep its current all-time high (ATH) and then see an extension to a blow-off top of between $500 to $700. The analyst added that a rally to $1,000 will require a multi-cycle thesis beyond 2030. The analyst also gave his honest opinion on whether Litecoin could reach these targets. He stated that there is a 20% to 30% probability of LTC reaching $500, possibly in the next bull cycle peak. Crypto Patel also mentioned that the altcoin could hit $1,000 only in an extreme bull case with full institutional adoption, which he estimates has a 5% to 10% probability. He added that the most likely path is a rally to between $150 and $300 between now and 2028, with an extension to as high as $600 in peak euphoria. Crypto Patel also warned that Litecoin is not a 100x rocket but a “slow, reliable cycle beta play” and that those who believe in it will need to hold for up to five years rather than just months. The analyst said he sees value in the $40 to $50 range for spot accumulation. He added that LTC is sitting in a deep, multi-year accumulation zone, where smart money quietly builds positions while retail investors forget the coin exists. Why The Analyst Is Still Bullish On LTC Crypto Patel outlined reasons he remains bullish on Litecoin, including Canary Capital’s launch of an LTC ETF. He further alluded to the 2027 halving setup, noting that it could spark a textbook supply shock. The analyst is also bullish because of LTC’s mainstream adoption, MWEB privacy layer, and the narrative that the altcoin is the silver to Bitcoin’s gold. Related Reading: Why Litecoin Price Going To $2,000 Is Not A Fantasy, But Market Cap Math Meanwhile, the analyst also outlined a bear case for Litecoin. He noted that a $500 price target for LTC implies a $42 billion market cap, while a $1,000 price target would imply an $84 billion market cap for the altcoin. He also noted that LTC never reclaimed its 2021 ATH while BTC, ETH, and SOL made new all-time highs. Crypto Patel remarked that this means the structural demand is not yet there at scale. He added that the LTC ETFs’ flows are weak while the Litecoin network doesn’t have smart contracts. Featured image from Adobe Stock, chart from Tradingview.com
Millionaire businessman Kevin O’Leary has indicated that stablecoins are more valuable than Bitcoin because of their role in the global financial system. He also highlighted the “big opportunity” as one of the layer-1 networks could be the biggest beneficiary of traditional finance (TradFi) firms moving on-chain. Kevin O’Leary Praises Stablecoins Over Bitcoin In an X post, Kevin O’Leary shared a FOX interview in which he praised stablecoins over Bitcoin. He described BTC as a speculative asset whose price fluctuates due to its volatility. Meanwhile, the businessman called stablecoins an interesting product in financial services, noting that they are valuable because they are backed by U.S. Treasury bills. Related Reading: The Bitcoin Playbook To Know: Step 4 Says A Crash Is Coming, But Where’s The Bottom? O’Leary further remarked that the “beauty” of these stablecoins is that one can transfer them in seconds, not days. As such, he explained how these stablecoins top the current payment system, since one’s money can sometimes get lost when using FedWire or banking transfer systems. The businessman added that these transfer systems are also very expensive, which is another advantage stablecoins have over them, as one can transfer money for a fraction of the fee using stablecoins. As such, O’Leary suggested that stablecoins, rather than Bitcoin, could have a significant impact in the real world. However, he highlighted BTC’s edge, noting that it is commonly referred to as digital gold. It is worth noting that O’Leary is a Bitcoin bull despite his comment about BTC being a speculative asset. Last month, he revealed that he had consolidated his crypto holdings into just BTC and Ethereum after years of gaining exposure to other tokens. The businessman explained that he made this move to consolidate into just BTC and ETH after a regulatory shift and institutional analysis forced a reassessment. The Big Opportunity For Crypto Networks As part of his interview, Kevin O’Leary also mentioned that there is one big opportunity out there for crypto networks, with forecasts that the S&P 500 could adopt blockchain technology for contract analysis, inventory management, and logistics. He remarked that he doesn’t know which network will benefit most from this, as nobody knows which blockchain these companies will standardize on. Related Reading: Historical Data Shows How Many Days Are Left Until Bitcoin Price Hits New ATH Above $120,000 However, he noted that the winner among these crypto networks will emerge once at least one company in each of the economy’s 11 sectors chooses to standardize on that blockchain network. It is worth noting that Ethereum appears to be leading Bitcoin and other layer-1 networks in this regard at the moment. Ethereum is currently the leader in RWA tokenization, with the network holding 67% market share of all tokenized assets. RWA.xyz data shows that the network has a total RWA value of $18.6 billion, excluding stablecoins. Institutions have notably chosen Ethereum and other newer layer-1 networks over the Bitcoin network, which is lagging in RWA tokenization. Featured image from Pixabay, chart from Tradingview.com
A crypto analyst has shared a new report from Etherealize, a leading crypto research firm, which projects how high the Ethereum price could reach if its market capitalization were to match that of gold. The expert believes that, beyond price action, the Ethereum network could also evolve into a global settlement layer, further solidifying its position in the crypto space. Taken together, these developments paint a strong bullish outlook for the cryptocurrency, even amid the recent volatility and price declines that have weighed on the market. Digital Oil, a pseudonymous analyst and investor, is making a bold long-term case, arguing that the Ethereum network and its native asset, ETH, are positioned to capture two of the world’s largest markets. As the second-largest cryptocurrency by market cap and the backbone of decentralized finance, the analyst said that Ethereum holds an infinite range of possibilities. The Ethereum Price Target At Gold’s Market Cap He referenced an analysis report by Etherealize, which describes ETH as a productive store of value that surpasses gold, while Ethereum itself is seen as the settlement layer for the future of global finance. This suggests that the blockchain network could be at the center of how money flows in the world in the future. Related Reading: Ethereum Price Reaching $4,000 Isn’t A Moonshot, Here’s What It Is The report, titled The Bull Case for Ethereum: Digital Oil, Store of Value, and Global Reserve Asset for the Digital Economy, was produced by Etherealize to help institutional investors better understand ETH’s role in the evolving digital economy. Based on the analysis, Etherealize projects a long-term price target of $250,000 for ETH, representing a more than 11,400% surge from current levels. That figure could put the cryptocurrency’s market cap, which currently sits at $256.78 billion, on par with gold’s market valuation of $32 trillion. Notably, Etherealize pointed to 2045 as a rough timeline for this potential milestone. The research firm acknowledged that widespread adoption, which is needed to catalyze this growth, could change that date depending on how quickly or slowly it occurs. Despite uncertainty about timing, Digital Oil remains firm in Etherealize’s bullish outlook for Ethereum. He said the projected shift is inevitable and could come soon. As a result, the analyst has urged investors and traders to prepare in advance by positioning for the long-term growth of ETH and the Ethereum network. Analyst Says ETH Could Rally Above $3,000 Focusing more on Ethereum’s short-term price outlook, crypto analyst Ted Pillows has projected on X that the cryptocurrency could rally toward the $2,250 zone, with a possible extension above $3,000 if bullish momentum persists. At the time of writing, ETH is trading above $2,100. Related Reading: Ethereum Is Not Dead: Why Market Experts Are Still Predicting A Rise Above $10,000 After recording a series of price declines, the analyst suggested that ETH is now attempting to reclaim $2,150 and break through former resistance levels. Pillows cautions that if Ethereum faces another rejection before reaching that resistance area, it could open the door to a steep correction toward $2,000. Such a move would represent a decline of more than 5% from current levels. Featured image from Pexels, chart from Tradingview.com
Crypto analyst Sherlock has revealed how a Bitcoin price crash to $63,000 could play out. He highlighted key levels to watch and zones where traders should look to short BTC in preparation for this potential downtrend. Key Levels To Watch With Bitcoin Price Crash To $63,000 On The Cards In an X post, Sherlock told traders to look for a short setup around $80,000 if the Bitcoin price only takes the equal highs around this range and then gets rejected. However, he added that if BTC breaks above April’s high at $79,485 before May 5, traders shouldn’t short immediately; instead, they should wait for breakout buyers to chase the pump. Related Reading: Bitcoin Closes 2 Green Monthly Candles: Here’s What Historical Data Says Is Coming Next The analyst further highlighted the $84,000 to $85,000 range as the ideal zone to short if the Bitcoin price reclaims the April high, as he expects a short squeeze to happen around that range. This suggests that BTC could still rally to around $85,000 before a decline, since the leading crypto has successfully broken above the April high. Sherlock’s accompanying chart showed that a Bitcoin price crash to around $63,000 could happen within a month after BTC taps the $85,000 level. The analyst also explained why he is confident the leading crypto could still crash despite its current bullish momentum. He noted that since 2020, BTC has always recorded a red monthly candle in May whenever the price failed to break above April’s high in the first five days of May. However, this trend broke last year when the Bitcoin price surpassed April’s high on May 1 and then recorded another 16.9% rally to a local high of $111,980 by May 22. This is notably why BTC could still rally to around $85,000 before the crash occurs. BTC Looks Ready For More Upside Crypto analyst Michaël van de Poppe said in an X post that the Bitcoin price looks ready for more upside, with the potential to rally to as high as $93,000. He noted that BTC broke above $79,000, indicating a clearly upward trend, although intraday corrections are possible. The analyst alluded to flows into Bitcoin ETFs, with these funds recording over $1.6 billion in inflows since the start of this month. Related Reading: This Signal Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now Van de Poppe also mentioned that there is a lot of interest in BTC at the moment, which is why he believes that the rotation from gold to Bitcoin is definitely taking place. He added that the current uptrend is unlikely to stall anytime soon, with the current construction. This is why he believes there is room for a rally between $86,000 and $88,000, and most likely between $91,000 and $93,000. At the time of writing, the Bitcoin price is trading at around $81,200, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Anthony Scaramucci, the financier and SkyBridge Capital founder who briefly served as White House communications director, has made a bold case for Bitcoin’s long-term value. According to him, Bitcoin’s market cap is well on track to reach $21 trillion, and this is because of its fixed supply, its growing institutional footprint, and a monetary trust system built over 16 years without any central authority. But if Bitcoin were to reach a market cap of $21 trillion, how much would 1 BTC be worth? The $21 Trillion Logic Bitcoin has a fixed supply cap of 21 million BTC baked into its protocol and is immutable by design. This means there will never be more than 21 million Bitcoin in existence, and at a point, investors will be able to only own fractions of Bitcoin. Related Reading: Bitcoin Price Could See Another Crash, But What Is The Long-Term Prognosis? According to Scaramucci, Bitcoin has checked every characteristic that has defined money throughout human history. Bitcoin’s edge is that its trust model is decentralized, its supply is fixed, and its network has now operated long enough to gain credibility with both retail and institutional investors. That is why there is a high possibility of its market cap reaching as high as $21 trillion. Scaramucci positions this as a ceiling still below gold’s total market capitalization, which currently stands at approximately $33 trillion according to data from CompaniesMarketCap. This gap is closable, and Bitcoin offers structural advantages in the process. “You can move it faster, you can store it more easily,” he said. “ On a fully diluted basis, the math lands exactly at a round figure for BTC. A $21 trillion market cap divided by Bitcoin’s maximum supply of 21 million coins gives a price of $1 million per BTC. At the time of writing, only 20,018,784 BTC have been mined, which means there are about 981,216 Bitcoin still left to be mined. That’s less than 5% of the total supply. At the time of writing, Bitcoin is trading at about $76,534, which means a rise to $1 million will translate to a 1,200% increase from here. Wall Street Is Coming To Bitcoin Institutional inflow is the most important factor when it comes to the possibility of the Bitcoin price hitting extravagant price targets like $1 million. Notably, Scaramucci cited institutional momentum as evidence that the structural shift is already in progress. Related Reading: Analyst Sounds Bitcoin Warning: This Surge Above $78,000 Should Not Be Trusted Morgan Stanley launched its own Spot Bitcoin ETF on April 8, 2026, trading under the ticker MSBT on NYSE Arca, making it the first major US commercial bank to issue such a product directly. Goldman Sachs is also in the process of launching its Spot Bitcoin ETF, having submitted paperwork to the SEC for the Goldman Sachs Bitcoin Premium Income ETF. Therefore, the question of whether Bitcoin eventually reaches $1 million per coin and a $21 trillion market cap is ultimately a question about the pace and durability of institutional adoption. Featured image from Pixabay, chart from Tradingview.com
More than 87% of Argentinians surveyed in a January Coinbase poll said they view crypto and blockchain technology as a way to strengthen their financial independence — a sign that the role of Bitcoin in the global economy may already be shifting well beyond what markets have priced in. Related Reading: ‘Extremely Good News’ – XRP DeFi Momentum Builds As SEC Softens Position On Interfaces Bitcoin’s Dual Role Draws New Attention Matt Hougan, chief investment officer at Bitwise, made that case publicly this week. He said Bitcoin could one day command a total addressable market larger than gold’s $34 trillion valuation — but only if it manages to function both as a store of value and as an actual working currency. That’s a bigger claim than what Bitcoin bulls have traditionally made. For years, the comparison to gold was the headline argument. Now, a war is adding a new layer to that conversation. https://t.co/jxIcOn1e23 — Matt Hougan (@Matt_Hougan) April 14, 2026 Iran has proposed allowing ships passing through the Strait of Hormuz to pay a toll in crypto. The plan, reported in recent days amid escalating conflict with the United States, is being watched closely by Bitcoin investors. To Hougan, it points to something larger. In a world where countries have turned financial systems into weapons, he wrote on social media, Bitcoin is emerging as an option that no single government controls. A $1 Million Price Target — And Possibly Higher Hougan previously put a number on his store-of-value thesis: if Bitcoin captures 17% of that market over the next decade, each coin could be worth $1 million. Based on his latest comments, that figure may need to be revised upward if Bitcoin begins functioning like a currency alongside its role as a savings vehicle. At the time of writing, Bitcoin trades around $74,150, with a total market cap of roughly $1.4 trillion. Gold, by comparison, sits at $4,854 per ounce, with an estimated market cap exceeding $33 trillion. Corporate treasuries have also been buying in. Data shows private and public companies collectively hold more than 1.5 million Bitcoin, valued at over $116 billion. Merchant Adoption Remains A Work In Progress Still, the currency side of the equation has ground to cover. A study by academic publisher Springer Nature found roughly 11,000 merchants worldwide currently accept Bitcoin as payment — a relatively modest number for an asset of its size. Related Reading: Dollar’s Shrinking Value Adds Fuel To XRP Bull Case: Finance Expert Adoption has been strongest in countries where local currencies have collapsed. Citizens in Turkey and Venezuela, like those in Argentina, have turned to Bitcoin to protect savings against persistent inflation. Whether Iran’s crypto toll proposal signals a turning point for Bitcoin as an international currency — or simply reflects one sanctioned nation finding a workaround — remains to be seen. What’s clear is that Bitwise believes the story is bigger than gold alone. Featured image from Meta, chart from TradingView
Gold shed billions in March. Bitcoin quietly pulled in more than a billion. Flows Tell A Diverging Story US spot Bitcoin exchange-traded funds attracted $1.32 billion in net inflows last month, even as US-based gold ETFs bled $2.92 billion in net outflows over the same period. The gap caught the attention of Bloomberg ETF analyst James Seyffart, who said the trend reflects something bigger than a monthly blip — it points to Bitcoin’s growing appeal as a multi-purpose portfolio asset. Related Reading: Standard Chartered Sees Bitcoin Exploding To $500K By 2030 “There are just more use cases of why somebody would put a Bitcoin ETF in a portfolio,” Seyffart said on the Coin Stories podcast, published to YouTube on Friday. Gold’s rough March was punctuated by a single brutal day. On March 4, GLD — the largest US gold-backed ETF — recorded a $3 billion outflow, its steepest single-day withdrawal in over two years. Data from the Bank for International Settlements, cited in mid-March reports, showed Wall Street had been accelerating its gold selling over the prior four months, even as retail buyers were scooping up the metal at triple the pace seen six months earlier. Bitcoin Plays Multiple Roles, Gold Plays One Seyffart’s argument rests on a simple contrast. Gold is widely seen as a hedge against inflation and currency debasement — and not much else. Bitcoin, according to the analyst, gets used differently by different investors. Some buy it as a store of value, similar to gold. Others treat it as a growth asset or a way to bet on liquidity conditions. Still others hold it as a form of digital property or capital. “It can be hot sauce in a portfolio,” Seyffart said, describing how Bitcoin’s volatility and return potential can juice overall performance for investors willing to carry the risk. Based on that reasoning, Seyffart said his outlook is straightforward: Bitcoin ETFs will eventually surpass gold ETFs in total assets under management. US gold ETFs currently hold far more in AUM than their Bitcoin counterparts, so that would represent a significant shift in where big money parks itself. Related Reading: Bitcoin Stumbles Hard: The Worst Q1 In Years Raises Big Questions Both Assets Have Fallen In Tandem Contrasting ETF flows haven’t stopped Bitcoin and gold from falling in tandem. Bitcoin was trading at $66,889 at the time of the original report, off 7.35% over the prior 30 days. Gold was at $4,674, down 8.20% over the same stretch. According to Chris Kuiper, gold and Bitcoin have a history of alternating leadership. With gold outperforming in 2025, Kuiper said it would not be surprising if Bitcoin stepped up next. Whether that rotation plays out remains to be seen. But March’s fund flow data suggests at least some investors are already making their move. Featured image from Meta, chart from TradingView
Institutional money has been pouring into Bitcoin at a scale that would have seemed far-fetched just a few years ago. Since the launch of Bitcoin exchange-traded funds, roughly $56 billion has flowed in from asset managers around the world — a shift that Bitmine CEO Tom Lee says is changing how serious investors think about protecting wealth. Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network Growth Gold’s Track Record Under Scrutiny Speaking at the Futu Investment Exhibition, Lee made a pointed case against gold’s long-held reputation as the go-to inflation shield. Historical data, he said, shows gold has failed to keep pace with inflation about 48% of the time over the past 55 years. That’s a striking number for an asset millions of investors hold precisely because they believe it protects purchasing power. Gold prices have also taken a hit recently, dropping over 15% in the past week to trade around $4,493. Bitmine CEO：Bitcoin Beats Inflation 97% of the Time, Far Outperforming Gold Bitmine CEO Tom Lee stated the crypto winter is ending at the Futu Investment Exhibition. He believes Bitcoin is a better inflation hedge than gold, outperforming inflation 97% of the time since its… pic.twitter.com/H5LfaePnRe — Wu Blockchain (@WuBlockchain) March 27, 2026 Bitcoin, by contrast, has outperformed inflation 97% of the time since its creation in 2009, according to Lee. He pointed to the asset’s hard cap of 21 million coins as a key reason why. Supply cannot be expanded. No central bank can print more of it. That fixed ceiling, combined with rising demand from institutions, is what Lee says makes Bitcoin a stronger modern hedge than gold. “Many investors hold large amounts of gold for protection, but may be missing exposure to Bitcoin,” Lee said. Wall Street’s Growing Appetite The ETF numbers back up at least part of that argument. Billions of dollars have moved into Bitcoin-focused funds as major asset managers add the cryptocurrency to client portfolios. Reports indicate this trend has pushed Bitcoin further from its early reputation as a speculative bet and closer toward a mainstream financial instrument — the kind typically compared to commodities like gold or oil. Bitcoin was trading near $66,000 at the time of Lee’s remarks, though the price had slipped about 3.35% in the preceding 24 hours. Ethereum Gets A Mention Lee’s presentation didn’t stop at Bitcoin. He also flagged Ethereum as a potential infrastructure layer for Wall Street’s future, saying the blockchain could be used for tokenization, settlement, and broader financial operations. Related Reading: XRP Futures Market Keeps Resetting As Whales Accumulate Amid Mixed Signals Reports note that Lee sees growing connections between crypto networks and traditional finance — particularly as institutions look for faster, programmable ways to move and settle assets. Whether that vision plays out remains to be seen. But the flow of institutional capital into Bitcoin ETFs suggests that at least part of Wall Street is no longer treating crypto as an afterthought. Featured image from Unsplash, chart from TradingView
The Binance exchange has registered a surge in derivatives activity triggered by an ongoing pullback in gold’s price. The highly priced commodity and world’s largest asset has experienced a steady price decline since around February amid exacerbating geopolitical tensions and concerns about global inflation levels. Related Reading: Not Binance: Bitcoin Analyst Who Bought At $1 Revealed What Really Caused The October 10 Crash Binance Users Show Heavy Interest In Gold Market In an X post by renowned analyst Darkfost, gold has declined by more than 17% from its all-time high above $5,300, marking a significant correction following an initial prolonged rally that began in 2024, resulting in a net gain of 160%. Considering the unstable macro environment in 2025, marked by impromptu tariffs and potential trade wars, gold emerged as the choice haven for many investors, while heavy inflows encouraged traders to build multiple leveraged positions. As prices began to reverse, these leveraged positions became vulnerable, i.e., margin calls were triggered, forcing automatic liquidations. Voluntary liquidations were recorded in some cases where traders preferred to take profits or move to protect other positions. During the most recent gold price decline, gold futures trading activity on Binance reached record levels since its launch in January. Notably, as gold approached $4,400 on March 23, daily futures trading volume on Binance exceeded $6.6 billion. Meanwhile, the cumulative volume over seven days surpassed $17 billion, representing the magnanimous interest in gold by Binance users. Notably, total trading activity since the launch of gold futures on the exchange has also now crossed $72 billion. This development represents a heavy appetite for gold access by many Binance users, who are now operating through recently launched tokenized exposure. These traders appear to be actively seeking alternative hedges and diversification strategies. The intersection of cautious sentiment, capital rotation, and increased derivatives activity highlights a newfound perpetual market set with high potential and unknown implications on the exchange’s digital asset markets. Related Reading: XRP Positioned At The Center Of Wall Street’s Tokenization Boom — Is A Rally Emerging? Crypto Market Overview According to CoinMarketCap, the total crypto market cap crashed to $2.28 trillion, reflecting a 3.81% loss. Amid this downward move, underlying sentiment also remains fragile, with the Fear & Greed Index at 22, firmly in “fear” territory. This cautious mood is further supported by a net outflow of $360.60 million, signaling that some investors are still reducing exposure or reallocating capital. Market dominance also shows capital concentration in major assets, with Bitcoin at 57.9% and Ethereum at 10.5%. The premier cryptocurrency is valued at $65,908, showing a 6.63% loss over the last seven days. Featured image from Unsplash, chart from Tradingview
A gold-backed crypto token jumped from 453rd place to fifth among the most actively traded perpetual pairs on Binance — all within a matter of weeks. Related Reading: Iran Rejects Peace Talk Claims, Leaving Bitcoin Stuck At $70K XAUT: From Obscurity To The Top 5 Tether’s tokenized gold token, XAUT, recorded a daily perpetual futures trading volume of $6.40 billion on March 23, according to data highlighted by CryptoQuant analyst JA Maartunn. That figure dwarfs where it stood in December 2025, when daily volume barely crossed $1.50 million. The climb was fast and unrelenting. By January 2026, daily volume had moved into the tens of millions. By month’s end, it was brushing $300 million. XAUT just hit a new all-time high in perp volume on Binance “XAUT recorded $6.40B in daily perpetual trading volume, which is the highest since its listing. This brings XAUT-perpetual futures as the #5 most traded perp pair on Binance.” – By @JA_Maartun pic.twitter.com/YCRossyaCF — CryptoQuant.com (@cryptoquant_com) March 25, 2026 February brought the first billion-dollar days, with volume peaking at $4.17 billion before pulling back sharply. March erased that earlier high entirely. Maartunn said the surge goes beyond ordinary price-driven trading. Traders, he argued, appear to be broadening their focus beyond traditional crypto assets. XAUT’s rise, he said, reflects that shift. Volume Climbs As Gold Prices Fall What makes the numbers harder to dismiss is the timing. Gold had a wild ride over the same stretch. Physical gold climbed from roughly $4,200 per ounce to a record $5,602 in late January 2026. That rally likely drew early attention to the token. But gold later fell back below $5,000, weighed down partly by the ongoing Iran conflict. XAUT’s trading volume kept climbing anyway. Binance does not list XAUT for spot trading. Access to the token itself is available through the Binance Web3 Wallet or decentralized exchanges. The exchange limits its direct offering to perpetual futures, meaning all of that $6.40 billion in daily volume is derivatives activity — not direct purchases of the token. XAUT currently carries a market cap of $2.54 billion and a fully diluted valuation of $3.21 billion. Each token is backed one-to-one by a troy ounce of physical gold meeting LBMA Good Delivery standards. The gold is held in vaults in Switzerland and issued by Tether on the Ethereum and Tron networks. Related Reading: Bernstein Sets $150,000 Bitcoin Target As ETF Inflows Surpass $1.6B In March Binance Expands Its Real-World Asset Offerings The record volume arrives as Binance moves to add more real-world asset products. Reports indicate the exchange is set to launch perpetual pairs for METAUSDT, NVDAUSDT, and GOOGLUSDT on March 26, each offering up to 10x leverage. The expansion signals growing platform interest in bridging traditional financial assets with crypto derivatives markets. Whether XAUT’s volume holds at these levels remains to be seen. The token went from a footnote in Binance’s rankings to one of its most traded products in a single quarter — a move few would have predicted at the start of the year. Featured image from Shutterstock, chart from TradingView
A crypto analyst has issued a bold long-term forecast for Bitcoin, predicting that a capital rotation out of gold and into Bitcoin will drive the asset to $800,000. This prediction is coming at a time when gold’s recent decline has caught many financial investors off guard. Biggest Gold To Bitcoin Rotation Is Coming Bitcoin has never lacked bold long-term projections, and over the years, some of the most optimistic forecasts have placed its future price well into six-figure territory and beyond. At different points in the cycle, these expectations have stretched as far as $1.5 million, especially during periods of institutional inflows into Spot Bitcoin ETFs. Related Reading: How Is Bitcoin Price Following A 100-Year Pattern If It’s Only 16 Years Old? Expert Tells All However, that wave of extreme bullish sentiment has cooled in recent weeks, largely due to the cautious tone across the broader crypto market. Even so, that hasn’t stopped a few new high-end Bitcoin price projections from surfacing. A crypto analyst known as DonaX₿τ on the social media platform X recently put forward one of the most aggressive long-term outlooks in recent weeks, with the prediction that the financial markets are on the verge of a historic transition from gold into Bitcoin. “Nobody is ready for the biggest Gold to Bitcoin rotation in history,” the analyst stated on X, adding a price target of $800,000 for Bitcoin. According to the analyst, the Bitcoin price will reach $800,000 sometime between 2029 and 2030. At the time of writing, Bitcoin is trading at $71,310, meaning that this price prediction places the target at more than a tenfold increase from the current price range. Why A Rotation From Gold To Bitcoin Is Being Considered Gold recently fell to its lowest level in 2026, reaching a low of $4,098 per ounce on Monday, March 23. This crash is a reversal from its earlier strength in early February, when Bitcoin was going through a simultaneous crash. Related Reading: How Is Bitcoin Price Following A 100-Year Pattern If It’s Only 16 Years Old? Expert Tells All The move has come despite ongoing geopolitical developments, a backdrop that would typically support gold prices. Instead, the precious metal went through one of its most severe short-term declines in recent years. Bitcoin, on the other hand, has not followed gold lower. Although the Bitcoin price recently slipped below $70,000, it is back to trading above it and is now posting gains relative to gold. The premise behind the prediction by DonaX₿τ is based on this changing investor behavior. Gold is known for being a store of value during uncertainty, but recent market dynamics have shown that it is not always the case anymore. Bitcoin is now in the picture and is attracting institutional capital in ways like gold. Therefore, a full rotation from gold into Bitcoin by investors is sure to have an aggressive bullish effect on the price of the leading cryptocurrency. An $800,000 target, however, would require a significant extension of the current cycle and a multi-year accumulation period. Featured image from Pixabay, chart from Tradingview.com
Gold has fallen into bear-market territory after giving up its gains for the year, even as US spot Bitcoin exchange-traded funds (ETFs) continued to attract fresh money, pushing the two assets onto sharply different paths. Spot gold traded near $4,388 an ounce on March 23, according to goldprice.org, down about 22% from its Jan. 29 […]
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Bitcoin quietly gained ground while gold crumbled. That contrast has become one of the more telling stories to emerge from weeks of escalating conflict in the Middle East, as the two assets — long compared as competing stores of value — have moved in sharply opposite directions since the US and Israel launched strikes on Iran in late February. Related Reading: Bitcoin Gains Ground On Gold Even As Both Assets Slide Bitcoin Climbs As Gold Bleeds Since those first attacks, Bitcoin has risen more than 11% to around $70,650. Gold, meanwhile, has shed over 12% from its peak. Reports indicate the cryptocurrency has held up better than expected under the pressure of a widening war — a performance that has drawn attention in financial markets still trying to make sense of the conflict’s economic fallout. Gold’s losses accelerated this week. The metal dropped 3.4% on Friday alone, closing around $4,480 per ounce. For the full week of March 16-20, the decline reached 10% — the steepest weekly fall since 1983, according to data confirmed by TradingView. It surpassed even the sharp drop seen in late January, when gold shed hundreds of dollars in a matter of days and wiped out more than $2 trillion in market value within weeks of hitting $5,500 per ounce. That January plunge shocked investors. This one may have rattled them more. Fed Signals No Rate Cuts, Adding Pressure On Gold The Federal Reserve is adding to gold’s troubles. Fed Chair Jerome Powell said Wednesday that rising energy prices — driven in part by war-related disruptions in the Middle East — are expected to push inflation higher in the near term. Traders have responded by pulling back expectations for rate cuts in 2025. Rates are now widely expected to hold steady through the year. That shift matters for gold. When interest rates stay high, bonds and other yield-bearing instruments become more attractive by comparison. Gold pays no interest. It earns nothing while it sits. Reports note that this dynamic has weighed on demand from institutional investors who might otherwise hold the metal as a hedge. Related Reading: Crypto Adoption No Longer Optional, Survey Finds As 72% Of Finance Leaders Signal Commitment Trump Signals Possible Wind-Down Of Military Push The Iran conflict has also disrupted oil flows through the Strait of Hormuz, one of the world’s most critical shipping corridors. That disruption has stoked fears of a prolonged energy crunch, adding more uncertainty to global markets already on edge. US President Donald Trump said Friday he was considering pulling back from military operations in the region. At the same time, the US has deployed thousands of additional troops to the Middle East, and airstrikes have continued. The mixed signals have left markets guessing about what comes next. Featured image from Unsplash, chart from TradingView
A crypto analyst has broken down everything investors and traders need to know about the current Bitcoin (BTC) cycle. In his post, the pundit argued that the present cycle is different. He explained that the widely followed four-year cycle theory is fundamentally flawed, suggesting that a far more reliable framework exists for understanding where the market truly stands. Market expert Sykodelic took to X on March 17, delivering a sharp critique of the four-year cycle theory. He argued that the widely cited model relies on nothing more than two historical data points and anchors itself purely in time rather than in any meaningful economic foundation. Whereas, he noted that the business cycle is supported by virtually every major market chart available, giving it substantially more analytical weight. Why This Bitcoin Cycle Operates By Different Rules Backing his thesis with a chart, Sykodelic laid out a sequence of market behavior he noted has played out consistently across cycles. According to him, Gold’s price rallies during periods of economic contraction and uncertainty, then peaks the moment the ISM Manufacturing Index returns to expansion territory. Related Reading: Bitcoin To Rally 250% This Year? Crypto Founder’s Bullish Prediction Shows New ATHs Once certainty returns to the macro environment, risk assets enter their genuine bull phase, and Bitcoin Dominance (BTC.D) begins its characteristic end-of-cycle decline. Sykodelic stated that each of these fundamental chart indicators lines up. And this is because the market cycle is strictly governed by the business and economic cycle, which is inherently linked to liquidity and economic performance. The analyst further argued that the reason the current business cycle feels so unusual and goes largely unnoticed is that no one has managed to read it correctly. He noted that most people are too focused on the Bitcoin chart and the four-year cycle theory to pay close attention to the actual business cycle. Sykodelic attributed this to human psychology, pointing out that people naturally find it difficult to believe events that have not yet occurred. He said they would rather defend events that have already taken place. The analyst argued that this instinct is why many are likely to be caught off guard in the present market cycle. What The Charts Are Actually Saying In his post, Sykodelic pointed to several observable conditions as direct evidence supporting his thesis. He shared the reason the current cycle is significantly weaker than previous ones and why most altcoins have failed to break higher despite gold experiencing a historic and unprecedented rally. Related Reading: Bitcoin Just Flashed The Most Powerful Fractal In The Market, Here’s What To Expect According to the analyst, all of these trends stem from a common root cause: a prolonged contraction in the business cycle. He noted that this contraction suppressed the conditions necessary for a typical risk-asset explosion. Concluding his analysis, Sykodelic expressed the belief that the market is not heading lower, noting that bearishly positioned traders are still operating under a seemingly faulty four-year cycle framework. Featured image from Pixabay, chart from Tradingview.com
For six straight weeks, Bitcoin was losing the battle against gold. That streak has now reversed — and it has held for two weeks running, with Bitcoin up more than 4% against the precious metal this week alone. Related Reading: Bitcoin Stalls Near $75K As Traders Move Coins To Exchanges A Parallel Decline Reshapes The Debate The timing of that rebound is striking, given that both assets are deep in correction territory right now. Bitcoin dropped from a weekly high of $76,000 to below $70,000, a slide of roughly 8.7%. Gold fared no better, shedding 8.5% in the same period, pushing the price down to around $4,616 per ounce — well below the psychologically watched $5,000 mark. Gold has now posted two straight weeks of losses and is on pace for a third, its worst such run since last November. The back-to-back selloffs have reignited a long-running argument in crypto circles: when gold falls, does the money eventually find its way into Bitcoin? Benjamin Cowen, CEO of Into The Cryptoverse, says no. He has held that view since at least late January, when gold was still riding high and crypto bulls were counting on a rotation trade. He didn’t buy it then. He still doesn’t. Cowen’s Case, And What It’s Based On Cowen’s reasoning draws on something that already played out inside the crypto market. When Bitcoin ran up in prior cycles, many traders expected capital to eventually shift from BTC into smaller altcoins, sparking what the market calls “altcoin season.” According to Cowen, that rotation never really materialized in any meaningful way. He sees the gold-to-Bitcoin narrative following the same pattern. Back on January 28, as gold was trading near its all-time high of $5,597 — a level it hit on January 29 — Cowen posted publicly that no rotation from metals to crypto should be expected. One day after that post, gold dropped 4% and Bitcoin fell by the same amount, almost to the dollar. That co-movement drew attention at the time. The events of this week have brought the argument back to the surface. Not everyone agrees with him. A section of the market has long argued that precious metals and crypto serve different investor profiles, and that a pullback in one naturally redirects money toward the other. So far this cycle, that has not played out in the data. Related Reading: XRP Still In Danger Zone Without This Key Breakout: Analyst The BTC/Gold Ratio Tells A Different Story What complicates the “no rotation” argument is the BTC/gold ratio itself. Even as both assets fall in dollar terms, Bitcoin has been recovering ground relative to gold after bottoming near 12 ounces of gold per BTC earlier this month. It has since climbed back to around 15 ounces. That figure still sits well below the middle Bollinger Band at 18 and far below the upper band at 26, but the direction has shifted. Featured image from Unsplash, chart from TradingView
Retail investors became the main force behind gold-fund buying over the past six months, helping extend bullion’s rise even as some institutional money started to step back. At the same time, fresh inflows into US spot Bitcoin exchange-traded funds (ETFs) show part of Wall Street rebuilding crypto exposure through the regulated ETF channel, setting up […]
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The sell-off extended beyond crypto as investors reassessed the macro outlook following the Fed’s latest guidance.
Bitcoin’s five-year compound annual growth rate has slipped below gold’s for the second time in its history, according to Fidelity Digital Assets, marking an unusual moment for an asset long defined by its outsized long-term returns. For markets, the signal is not just about relative performance against gold, but about what a slower growth profile may say about Bitcoin’s current market cycle. In a new Chart Chatter segment posted on X, Fidelity Digital Assets research analyst Zack Wainwright said Bitcoin’s five-year CAGR has been trending lower over time as the asset’s price has risen. That dynamic, he argued, has now produced a rare crossover. “What we are seeing now in early 2026 is Bitcoin’s CAGR falling below Gold’s 5-year CAGR for just the second time in Bitcoin’s history,” Wainwright said. “We have now seen three straight months to start the year of CAGR below Gold’s.” What This Means For Bitcoin That is the key statistic in Fidelity’s framing. Bitcoin has spent most of its history comfortably ahead of gold on a five-year compounded basis, which made the January break notable on its own. The fact that it has now persisted for three consecutive months gives the move more weight, especially coming at a time Fidelity explicitly describes as a bear market. Related Reading: This Week Could Be The Most Volatile For Bitcoin In 2026, Top Expert Warns Wainwright tied the last comparable episode to the end of the previous cycle. “Back in 2022, we saw one such month of this occurring in December 2022, when Bitcoin’s price was bottoming out in the bear market around $15,000,” he said. “We are now once again in a bear market and below that CAGR for a longer stretch this time of three months.” In Fidelity’s telling, the drop below gold is rare, but it has also happened before during a moment of acute market weakness. The difference this time is duration. One month in late 2022 could be dismissed as a brief distortion near a cycle low. Three straight months in early 2026 suggests a more sustained compression in Bitcoin’s long-term return profile. At the same time, Fidelity did not frame the crossover as evidence that Bitcoin has lost its defining edge altogether. Wainwright was careful to stress the historical balance. “Overall, Bitcoin has remained above Gold’s CAGR for the majority of its history,” he said. “So this is truly a unique instance and occurrence in Bitcoin, where it is now below the CAGR of Gold.” Related Reading: Bitcoin Buying Picks Up Again, But $79,962 Remains The Key Resistance: On-Chain Data Gold’s side of the comparison is important too. Spot gold closed at $2,156.61 per ounce on March 18, 2024, then climbed to $2,999.96 on March 18, 2025, and stood at $5,012.45 on March 17, 2026. That translates into a gain of about 67.1% over the past year and roughly 132.4% over two years — a surge that helps explain why Bitcoin’s five-year CAGR has now slipped below gold’s. For now, the takeaway is straightforward: Bitcoin still has the stronger long-run record against gold across most of its history, but early 2026 has produced a rare exception. Whether that proves to be another late-bear-market anomaly or an early sign of a more mature, slower-growth Bitcoin is the question Fidelity has now put squarely in front of the market. At press time, BTC traded at $74,015. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Merlijn revealed that Bitcoin has flashed the most powerful fractal in the markets right now. This comes amid BTC’s rally to a one-month high of $75,000 despite the escalating tensions between the U.S. and Iran. Bitcoin Flashes Most Powerful Fractal In Markets Right Now In an X post, Merlijn stated that Bitcoin has formed the most powerful fractal in the market right now. He noted that gold had formed this structure in 1974, when it completed three waves, followed by a Fibonacci extension and a parabolic move. Now, BTC is forming an identical structure, with the third step forming. Related Reading: Analyst Says Bitcoin Bulls Have Won And This Is The Next Target The analyst further said that $62,000 is the last line before the Fibonacci extension opens, and that if BTC holds this level, then the $226,000 Fibonacci target unlocks. However, if the leading crypto loses this level, then the fractal gets one more low first. Merlijn added that BTC is pointing to the same outcome as gold, with a parabolic move on the horizon. In another X post, the analyst provided a bullish outlook for Bitcoin, citing global liquidity. He noted that M2 is expanding again and that BTC has just entered the green accumulation zone. Merlijn explained that the last two times this combination appeared, BTC multiplied. He added that a hold above $74,000 will confirm this liquidity cycle, while a drop below $65,000 means one more compression before a rally to the upside. Bitcoin rallied to $75,000 yesterday, signaling that the leading crypto was again seeing bullish momentum despite the U.S.-Iran conflict. Veteran trader Peter Brandt suggested that BTC could rally above $80,000 in the short term. Market Conditions Show Signs Of Stabilization And Market Recovery In a research report, the on-chain analytics platform Glassnode said that market conditions are showing signs of stabilization and gradual recovery. The spot CVD is said to have flipped decisively positive, which Glassnode noted reflects a return of aggressive buying pressure. Furthermore, the derivatives markets reflect rising but cautious engagement. Related Reading: Bitcoin’s Base Case: What To Expect Before The Run-Up Above $100,000 Glassnode stated that futures open interest has edged higher as futures CVD surged, while funding payments moved further into negative territory, which points to persistent short positioning. Meanwhile, the Bitcoin ETFs are seeing renewed interest, although the on-chain analytics platform noted the total ETF trading volume has cooled slightly from prior elevated levels. Lastly, Glassnode mentioned that on-chain activity remains relatively muted, with active addresses declining below their lower band and transfer volumes improving modestly but remaining subdued. Fee volume is said to have remained stable, which reflects steady but quiet network usage. At the time of writing, the Bitcoin price is trading at around $74,100, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Bitcoin is outperforming equities and gold since the Middle East conflict began, as institutional inflows return while broader market sentiment remains cautious.