The stablecoin will be backed by $500 million in gold from the Kyrgyz Ministry of Finance, with plans to expand reserves to $2 billion.
A surge in demand, particularly from ETFs, pushed the average quarterly gold price to a record high.
The two assets have had inverse-correlated ETF flows on four different days in the last week.
The Dallas Fed Manufacturing Index plunged to its lowest level since the COVID pandemic closed the economy.
Tether’s tokenized gold product, XAUT, has released its first official attestation, showing that its total backing amounts to 246,523.33 ounces, equivalent to more than 7.7 tons of gold. According to an April 28 statement, XAUT is priced at $3,123.57 per token and has a total market capitalization of $770 million. The token reached an all-time […]
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Bitcoin's strong correlation with gold continues as economic uncertainty grows.
Bitcoin prices surged this week, increasing from $84,100 on Monday to $93,549 at the time of the most recent market update. This 6.5% increase over a 24-hour period occurs as the cryptocurrency is seen breaking its historical link with tech stocks, market analysts say. Related Reading: Bitcoin Rockets To Monthly Highs As Open Interest Explodes By Over $3 Billion Bitcoin And Gold Chart Different Paths From Traditional Markets Eric Balchunas, Bloomberg Senior ETF Analyst, noted that Bitcoin has performed better than treasury bonds, which he described as “unreliable” in current market trends. Gold also defied expectations, dropping 0.983 points while stocks fell. The precious metal recently reached a record high of $3,500 per ounce before it settled at approximately $3,400. Though Balchunas conceded the time period is short, he emphasized that the crypto must continue to “win” these short-term skirmishes to gain its position as an actual alternative asset. These small wins may ultimately put Bitcoin in front of global stocks, much like gold has done over time. Bitcoin up big yest when stocks down, showing negative correlation to stocks past week or so, better than treasuries (which are unreliable once again), altho gold is in league of own (-98). Obv a ridic small time frame but gotta get get these small wins if it ever wants to be… pic.twitter.com/JydPKuDRNA — Eric Balchunas (@EricBalchunas) April 22, 2025 ETF Money Flows Reach Highest Levels Since January As per Matthew Sigel, VanEck’s head of research, Bitcoin’s rally from its April 7 low has freed it from its historical correlation with US tech stocks. This is as Bitcoin Exchange-Traded Funds (ETFs) recorded their largest inflows since January 30, indicating increasing investor confidence. The timing of such inflows may be pivotal in maintaining Bitcoin’s present price rally. According to reports from market observers, without ongoing investment via these ETFs, the momentum may be lost. Bitcoin Surges As NASDAQ Stumbles Latest data pointed out a rare divergence between Bitcoin and the NASDAQ index. As Bitcoin prices rose, the NASDAQ struggled – a trend that never lasts long. When the NASDAQ’s 200-day moving average has declined in the past, the crypto generally encountered challenging market conditions. Today, Bitcoin is at its own 200-day moving average, but some analysts are thinking that this time may go differently if investment flows continue to be robust. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions Investor Sentiment Shows Signs Of Recovery Statistics show that sentiment towards investing in digital assets is getting better. The majority of fresh funds entering crypto during the last week went straight into Bitcoin, although mid-week retail activity led to $146 million in outflows. The recent price action of the cryptocurrency has been noticed as it implies Bitcoin could be settling in as an investment asset. While financial assets and technology stocks follow their own patterns in the market, current capacity for Bitcoin to do something different piques interest concerning whether it will play a long-term function. Featured image from PixelPlex, chart from TradingView
“Bitcoin is continuing to show signs of its own decoupling away from equity markets,” one watcher said.
Gold is on a tear in 2025, rallying to all-time highs above $3,400/oz as investors seek safety in a turbulent macro environment. The precious metal’s year-to-date (YTD) gains are firmly in double digits, reflecting robust safe-haven demand. Gold’s sprint to new highs and Bitcoin’s choppy start to the year might look different on the surface. […]
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China has added five tonnes of gold to its reserves in under a month as part of an increasing aggressive purchase of the precious metal. Bitcoin continues to stand firm above the $87,000 level despite recent market fluctuations. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says PBOC Gold Accumulation Up As Bitcoin Price Soars According to the Kobeissi Letter in posting messages on X, the People’s Bank of China has been abruptly accumulating gold. It has acquired five tonnes over the last month. This has taken place amid uncertainty in global markets from the rift caused by persistent tensions in trade along US-China fronts. Bitcoin traders seem to witness this, as the price of the crypto holds strong at $87,280, with scanty negative macronews in the background. Merely four days ago, cryptocurrencies fell back after US President Donald Trump proclaimed a 245% import tax on Chinese items. The quick recovery has surprised many market observers. BREAKING: China’s central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase. This brings total China’s gold reserves to a record 2,292 tonnes. Chinese gold holdings now reflect 6.5% of its total official reserve assets.… pic.twitter.com/LuwiBvnirn — The Kobeissi Letter (@KobeissiLetter) April 20, 2025 Whale Wallets Indicate Growing Appetite For Bitcoin Statistics by Glassnode indicate a steep increase in addresses containing over 1,000 Bitcoin. More than 60 new “whale” wallets have entered the market since early March. The number of such large Bitcoin addresses has increased from 2,030 in late February to 2,100 as of April 15, which is the highest in four months. The boost indicates large investors are purchasing more Bitcoin despite changing market conditions. Others say the strength of Bitcoin lies in its increased popularity as an inflation hedge, akin to gold. This theory has become more widely accepted as China seems to be steering away from US dollar-denominated assets. Gold Prices Hit New Records As Trade Tensions Mount Prices of gold have surged to $3,401, up by close to $100 over only a week. The rise comes as institutions, dominated by China, raise their gold stockpiles. The ongoing tariff war between the US and China has driven investors towards traditional safe-haven assets. Bitcoin is also seen to be gaining from this same trend, with some investors seeing it as a contemporary option for gold in times of uncertainty. Mixed Signals From ETF Flows And Market Analysts Not everything is rosy for Bitcoin. Reports disclose that nearly $5 billion has exited Bitcoin ETFs since their aggregate flow hit all-time highs. In spite of this outflow, Bitcoin’s price has remained extremely stable. Related Reading: Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? There are also contradictory reports regarding China’s position on Bitcoin. While there are rumors that China may be accumulating a Strategic Bitcoin Reserve, other reports say the nation sold 15,000 BTC on offshore exchanges. The cryptocurrency’s ability to maintain its price despite these mixed signals has caught the attention of traders worldwide. As US-China economic tensions continue, investors are watching both gold and Bitcoin as potential safe havens in an increasingly unstable global market. Featured image from GEPL Capital, chart from TradingView
The top cryptocurrency has never held so well with volatility being so high, according to macroeconomic expert Lawrence McDonald.
Bitcoin has risen dramatically over the last 10 years against gold, with a rise of an incredible 13,693%, according to the financial statistics shared by crypto entrepreneur Ted. The figures demonstrate the alarming divergence between the two assets from April 2015 and April 2025. In particular, this striking ascent of Bitcoin has caught the eye of investors spread around the globe. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report Bitcoin Vs. Gold: From Equal Footing To Massive Gap Ten years ago, gold and Bitcoin were at similar prices. In April 2015, Bitcoin moved between $200 and $250, whereas gold was ranging around $1,200 to $1,300 per ounce. The fortunes of these investments have since become totally different. Bitcoin has soared to about $84,000 per coin, up some 33,500% in the ten-year period. The cryptocurrency briefly peaked at nearly $109,000 during the timeframe. If someone tries to tell you gold is better than Bitcoin… Just show them this: In 2015, 1 BTC = 1 ounce of gold. Today? That same Bitcoin is up 13,693% in 10 years. Let the numbers speak. pic.twitter.com/8JipH5IsNr — Ted (@TedPillows) April 17, 2025 Gold, on the other hand, has preserved its image of reliability over volatility, rather than offering spectacular gains. The precious metal increased by only 156% over the same period. From the market onlookers, gold’s worth proposition is still anchored on its consistent, inflation-proof behavior spanning very long timescales. Historical Context Demonstrates Divergent Patterns Of Growth Going back even farther shows an even greater disparity in the growth rates. According to a market analyst on social media platform X, the price of gold was only $20.67 per ounce in 1933. As for 2025, the price has gone up somewhat to around $3,330 an ounce, which is indeed a steep rise but a gradual increase over a period of almost a century. Ted's analysis on X. Bitcoin has had a completely different history. From a price of $1 in 2011, it came up to $84,000 by 2025. With such rapid appreciation rates, both excitement and skepticism have been brought forth by financial analysts debating the worthiness of such growths. Sheer Disparity In Size According to analyst Belle, a stark contrast in the behavior is due to the sheer difference in the size of their market. Gold has roughly a market capitalization of a little over $22 trillion. Due to this great size, gold provides an element of stability, rendering the market less sensitive to individual transactions or flows of short-term investments. GOLD added $1 trillion to its market cap in one day. That’s nearly the entire value of #Bitcoin right now. This shows how massive traditional markets are & how early we still are with Bitcoin. Even a small shift into $BTC could send it flying. pic.twitter.com/YsjSgOZKjx — Belle (@Bitt_Belle) April 17, 2025 Bitcoin’s market capitalization is at approximately $1.667 trillion—large but still only a fraction of gold’s. This reduced size makes Bitcoin more sensitive to capital flows. Gold recently saw an impressive $1 trillion rise in market capitalization over one day, but this was a much smaller percentage move than the same dollar flow would trigger in Bitcoin’s value. Related Reading: Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say Same Dollar Flow, Different Price Impact Meanwhile, the math in terms of market capitalization generates intriguing price movement scenarios. Based on calculations reported, if Bitcoin were to get a $1 trillion boost in market capitalization—comparable to the recent one-day increase in gold—its price per unit might rise from $84,000 to $135,000. Featured image from The Ledn Blog, chart from TradingView
As gold continues to set new all-time highs (ATH) – trading at $3,333 per ounce at the time of writing – Bitcoin (BTC) has seen more subdued price action, consolidating in the mid-$80,000 range. However, analysts suggest that the top digital asset may soon mirror gold’s recent momentum. Bitcoin Set To Follow Gold’s Momentum? In a recent post on X, crypto trading account Cryptollica hinted that BTC may be poised to replicate gold’s historic price movement seen over the past few months. The account shared the following chart, highlighting the striking similarities between the price actions of gold and BTC. The chart shows both gold and BTC forming a macro-bottom around early 2023, followed by a rejection at the range top in early 2024. Gold eventually broke out in the following months, while BTC lagged slightly, breaking out around November 2024. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics According to Cryptollica, BTC now appears to be breaking out of a consolidatory wedge pattern, with a potential mid-term target as high as $155,000. Currently, Bitcoin’s ATH stands at $108,786, recorded earlier this year in January. BTC is also likely to benefit from several favorable macroeconomic trends. For example, the global M2 money supply is expected to increase in 2025, a development that typically supports risk-on assets like Bitcoin. BTC Maturing As A Safe Haven Asset Beyond technical chart patterns, BTC has demonstrated remarkable resilience amid escalating global tariff-induced uncertainty. According to the latest The Week On-Chain report, both gold and BTC have performed well during the ongoing tariff war. The report notes: Amidst this turmoil, the performance of hard assets remains remarkably impressive. Gold continues to surge higher, having reached a new ATH of $3,300, as investors flee to the traditional safe haven asset. Bitcoin sold off to $75k initially alongside risk assets, but has since recovered the week’s gains, trading back up to $85k, now flat since this burst of volatility. The report also mentions that BTC recently experienced its largest price correction of the 2023–25 cycle, a -33% drawdown from its ATH earlier this year. However, this correction remains relatively modest compared to those seen in previous market cycles. Related Reading: Bitcoin Weekly RSI Breakout Signals Trend Shift – Is $100,000 Next For BTC? The following chart illustrates BTC bull market correction drawdowns since 2011. As shown, the recent -33% correction is the shallowest among past cycles, with the deepest being -72% during the 2012–14 bull market. While BTC continues to show signs of maturing as a reliable asset during times of geopolitical uncertainty, institutional investors appear to be taking profits. This is evidenced by recent outflows from Bitcoin exchange-traded funds (ETFs). At press time, BTC is trading at $84,694, up 0.7% in the past 24 hours. Featured image from Unsplash, charts from X, Glassnode, and Tradingview.com
Galaxy Digital CEO warns U.S. market is starting to behave like an emerging economy amid rising rates and soaring debt.
Bitcoin, rather than behaving as a digital gold, has solidified as a proxy for risk, validating FX market participants who track it as a gauge of speculative sentiment.
Safe-haven asset charts its own course amid market turbulence.
Tech stock futures fell as the U.S. imposed tariffs of up to 245% on Chinese imports while gold hit a record high and Nvidia plunged on export control fallout.
Monero has shown a long-term bullish shift with a golden crossover, breaking out of a consolidation pattern.
Gold-backed cryptocurrencies like PAXG and XAUT rose significantly so far this year, mirroring a spike in ETF demand.
Despite rolling out a large number of upgrades and innovations, the Ethereum price continues to lag behind Bitcoin (BTC) by a wide margin. Reports reveal that ETH has suffered a staggering 77% price crash against BTC — a decline likely fueled by a mix of technical, macro, and sentiment-driven factors. Notably, On-chain analytics platform, Santiment has now pinpointed and broken down the key reasons behind these price struggles. Ethereum Price Nosedives Against Bitcoin On April 11, Santiment released a detailed report on Ethereum, highlighting its almost four-year underperformance and the reasons behind it. Ethereum, once revered as the cryptocurrency most likely to dethrone Bitcoin, has recently suffered a brutal price decline when measured directly against BTC. Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer According to Santiment’s on-chain data, Ethereum has crashed by approximately 77% against Bitcoin since December 2021. While the dollar value of ETH hasn’t completely collapsed, especially compared to other altcoins, the long-term BTC/ETH ratio still paints a gruesome picture for Ethereum holders. Notably, Ethereum has also failed to recover anywhere near its November 2021 all-time high of $4,760. In contrast, Bitcoin has surged ahead, reclaiming much of its market dominance and outpacing ETH across almost every timeframe. This disparity has led many traders and former maximalists to compare ETH to a “shitcoin.” Even worse, various mid to low-cap altcoins have already outperformed Ethereum over the short, mid, and long-term timeframes, causing further embarrassment for the world’s second-largest cryptocurrency by market capitalization. Based on Santiment’s report, the ETH/BTC price ratio chart alone is enough to trigger doubt and uncertainty among long-term holders. Behind The Scenes Of Ethereum Price Struggles Beyond price action and market volatility, Santiment reveals that there are fundamental reasons for Ethereum’s sluggish performance over the years. Some of the major criticisms that analysts and traders have pinpointed include technical, sentimental, and regulatory issues. Related Reading: Ethereum Goes Head To Head With XRP: Analyst Says ETH Will Outperform For This Reason Ironically, Ethereum’s Layer 2 solutions are one of the key drivers of its underperformance. L2 solutions like Arbitrum, Optimism, and zkSync are reportedly cannibalizing activity on the mainnet, taking investments from ETH while spreading investor attention thin. Secondly, Ethereum seems to struggle with complex roadmaps and communication, which has led to investor confusion. Major updates like The Merge and Shanghai have been difficult for investors to comprehend, making ETH feel less accessible than BTC. Thirdly, users remain frustrated by Ethereum’s relatively high gas fees and the slow rollout of key upgrades. This has pushed them toward more affordable and faster alternatives, significantly reducing adoption. Another primary reason for Ethereum’s crash against Bitcoin is ongoing regulatory concerns. Unlike Bitcoin, which has a more established legal precedent, Ethereum faces constant uncertainty about whether it could be labeled a security. Other points include ETH’s lack of investment appeal. While Bitcoin maintains the title as a stable digital gold, Ethereum appears to be caught in between, having no clear or attractive investment narrative. Moreover, newer blockchains like Solana and Cardano are also attracting a significant number of users with cheaper and faster solutions, ultimately pulling investments away from ETH. The final reason Santiment has identified for Ethereum’s long-term price descent is rising selling pressure. Post-upgrade withdrawals of stakes ETHs have created steady sell-side pressure, limiting growth and momentum compared to Bitcoin. Featured image from Unsplash, chart from Tradingview.com
Bitcoin may not fit the traditional mold of a safe haven, but in a world of rising sovereign risk and broken financial norms, it may be time to redefine what 'safe' actually means.
Equities markets are giving mixed results on trade war deescalations.
Gold-backed crypto tokens outperformed most crypto sectors, including stablecoins, in market cap growth since Trump's Jan. 20 inauguration, a CEX.IO report said.
Since Bitcoin failed to hold above the $100,000 psychological barrier earlier this year, its bullish momentum has gradually unraveled. The pullback has deepened over the past two months, with Bitcoin trading between $75,000 and $79,000 in April. The bullish prospect is becoming very weak, and the crypto sector is searching for technical clarity amidst a buildup of pressure across traditional markets, especially with equities. Given the situation, crypto analyst Tony Severino noted that the current setup offers one major move that could invalidate an extended bearish momentum. Tony “The Bull” Identifies Important LMACD Inflection Point To Reject Bearish Hypothesis According to Tony “The Bull” Severino, the most important chart development is the incoming bearish crossover on Bitcoin’s 1-month LMACD indicator. The LMACD, which tracks market momentum on a logarithmic scale, currently shows the blue line drifting toward a crossover beneath the orange signal line. Related Reading: Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000 This kind of intending crossover is known to be an important bearish confirmation, and its appearance has coincided with growing weakness across broader markets, including traditional indices like the S&P 500 and Nasdaq. Although the crossover has not yet been confirmed by a monthly close, its presence at the open of April is enough to stir concern. Severino explained that unless a significant rally occurs before the end of the month, the blue line will cross below the orange line, and momentum will officially turn bearish. If the month closes with the crossover intact, it will mark the first confirmed bearish momentum shift on the LMACD since the bullish reversal in July 2023. Bitcoin Bulls Still Have A Window To Flip The Outlook Before April Ends According to Tony Severino, this crossover is not the sole reason for leaning bearish on Bitcoin’s medium-term trajectory, but it stands out as the most precise technical marker that could trigger a rethink. The crossover isn’t isolated to the Bitcoin price chart. Severino highlighted that the same bearish crossover was already confirmed last month in major indices like the S&P 500 and the Nasdaq 100. Interestingly, the crossover has already shown up in the BTCUSD versus GOLD chart, further supporting the idea that Bitcoin is no longer moving in isolation but reacting to widespread macro pressures. Related Reading: Bitcoin Price 1-Month Stochastic: Expert Warns Investors To Stop Comparing BTC To 2017 Moves Despite the bearish tilt, the situation is not yet final. The current crossover is provisional, meaning there’s still time for bulls to reverse the signal. A powerful upward move this month could cause the blue LMACD line to diverge higher, reestablish upward momentum and invalidate the bearish setup before it solidifies. The analyst also noted this possibility of a rebound considering the current oversold levels. This is because oversold technical conditions generally creates the kind of environment where a dramatic reversal is possible. At the time of writing, Bitcoin is trading at $77,260, down by 2.23% and 8.93% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from Tradingview.com
Bitcoin has maintained its price above $80,000 despite a massive sell-off in US stocks last week, sparking debate about its changing relationship with traditional risk assets. Related Reading: Bitcoin’s Safe, Saylor Says, While Trump Waves The Tariff Sword Bitcoin Holds Ground While Stocks Tumble The US stock market lost $2.85 trillion on April 3, followed by another staggering drop of $3.25 trillion by the end of Friday’s trading session. According to market analysts, this represents the worst two-day market decline in five years. The sell-off came in response to US President Donald Trump’s tariff increases, which sent investors rushing to pull their money out of stocks. But while stocks fell, Bitcoin took a different path. The cryptocurrency remained stable, even seeing price increases during this period. As of the latest trading data, BTC is priced at $83,205, showing a 1.3% increase over the past week. Crypto Market Welcomes $5.4 Billion In Fresh Money In what some market watchers call a surprising turn, cryptocurrency markets received about $5.4 billion in new investments on Friday alone. This happened at the exact time investors were pulling billions from stocks, suggesting a possible shift in how people view the top crypto during uncertain times. Even gold, which had recently hit a record high of $3,167 on April 3, dropped sharply to around $3,000 during Friday’s market troubles. Based on reports, Bitcoin’s price stability while both stocks and gold fell has caught the attention of many financial experts. Market Experts Express Surprise At Crypto’s Performance Bloomberg ETF analyst James Seyffart highlighted Bitcoin’s unexpected strength in an X post on April 4. He wrote that he was “genuinely shocked” by Bitcoin’s ability to remain above $80,000 while other assets fell. Genuinely shocked a bit by Bitcoin’s resilience. Would not have guessed it would hold above $80k in this type of broader market selloff of risk assets… Hell — even Gold is down? pic.twitter.com/SKRkZF8hCb — James Seyffart (@JSeyff) April 4, 2025 Adam Back, co-founder of Blockstream, suggested this might signal that Bitcoin is finally breaking its pattern of following stock market movements. He proposed that market makers might be taking advantage of limited cash in the system to adjust Bitcoin’s typical correlation with stocks. #bitcoin decoupling finally. was thinking the coupling was fake. maybe market makers using bitcoin market shortage of fiat liquidity to auto-correlate bitcoin, noticeable on US market open. — Adam Back (@adam3us) April 4, 2025 Companies Continue To Buy Bitcoin Despite Market Fears According to the report, Bitcoin’s price stability might be linked to ongoing purchases by major companies. Strategy has returned to buying Bitcoin weekly after a brief pause, now in its third consecutive week of acquisitions. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Game retailer GameStop made headlines recently when it disclosed Bitcoin as its primary treasury asset. The company is seeking to raise $1.3 billion to acquire more Bitcoin, a Bloomberg analyst said. These institutional purchasing trends might be generating sufficient demand to sustain Bitcoin prices despite pressure on conventional markets. Ongoing institutional demand indicates increasing confidence in Bitcoin as a store of value amidst market uncertainty. Featured image from Gemini Imagen, chart from TradingView
The precious metal initially rallied after Trump unveiled reciprocal tariffs, but has since joined the wider market sell-off.
Crypto markets see over $300M in liquidations as investors flee risk ahead of April policy changes and over concerning macroeconomic data.
The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month, CoinDesk Data's report show.
Initially BTC decoupled from stocks, but the positive correlation has strengthened during the recent downturn.
Charlie Morris, founder of ByteTree, likens this gold rally to a "proper gold rush".