For the first time in 2025, the United States Federal Reserve is preparing to cut interest rates while the S&P 500 is trading at all-time highs, and according to The Kobeissi Letter, the time has come for an important shift in markets that could usher in the next crypto market bull run. As it stands, record stock valuations, resilient GDP growth, sticky inflation, and cracks are forming in the labor market, leaving the stage open for volatility in traditional markets that could spill over into the next explosive altcoin season. Fed Rate Cuts At Record Valuations Expectations are also high that the Fed will keep lowering rates at the next interest rate decision on Wednesday, September 17, 2025 and through the end of this year. According to a lengthy thread that was posted on the social media platform X, this could have long-term bullish effects on the crypto industry. Related Reading: Altcoin Market Completes Highest Monthly Close Ever: What This Means For Alt Season The Federal Reserve usually cuts rates in the face of economic weakness and depressed equity markets, but this time is different. As noted by The Kobeissi Letter, valuation metrics tracked by Bloomberg show US stocks are more expensive than ever, having surpassed even the 1929 pre-Depression peak and the dot-com bubble. Furthermore, the S&P 500’s price-to-book ratio hit 5.3x in late August, its record level. Despite these extremes, policymakers are expected to cut by at least 25 basis points this week based on weakness in the labor market. History shows that when rate cuts occurred with stocks within 2% of all-time highs, as shown in 2019 and 2024, the S&P 500 delivered strong gains over the following year. This unusual mix could once again amplify capital flows into high-growth assets, including cryptocurrencies, in the last quarter of 2025. A Perfect Time For Altcoins Cutting rates into hot inflation adds liquidity fuel just as investors chase risk assets. That backdrop has always caused powerful surges for Gold, Bitcoin, and other major cryptocurrencies, as the return of these assets thrives when fiat returns come under question. Related Reading: Altcoin Season Index Sets New 2025 High, What This Means For The Crypto Market As The Kobeissi Letter framed it, the time has come. The Fed’s decision to cut rates with stocks at record highs, amid a 3% GDP growth and hot inflation 110 bps above the Fed’s long-term target, could be the driver of the next altcoin season. Gold and Bitcoin have already been priced in this new era of liquidity, as both are now up by 450% and 105%, respectively, since 2023. The setup is even better for altcoins like Ethereum, XRP, Chainlink, and most especially cryptocurrencies involved in the growing AI niche. There could be more immediate-term volatility, but long-term asset owners will benefit the most from the rate cut. However, if the Federal Reserve opts for a slower pace of cuts than markets are currently pricing in, the disappointment could ripple through both equities and cryptocurrencies and cause short-term declines this week. Featured image from Getty Images, chart from Tradingview.com
Peter Schiff, the outspoken gold advocate, warned that Bitcoin may be “topping out” as traders await a Federal Reserve decision this week. Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 2025 According to a post on his X account, Schiff said gold and silver have broken out while Bitcoin is showing signs of losing momentum. The comment has drawn attention because it comes just before a key Federal Reserve meeting that many expect to affect risk assets. Market Resistance At $116,000 Bitcoin has been stuck near the $116,000 level and has not been able to push well past that mark, even after recent gains. Based on market reports, BTC logged about a 4% rise over the past week but ran into strong resistance at roughly $116,000, which traders are watching closely. That hesitation is part of why some voices, like Schiff’s, are warning a top could be forming. The Fed is about to make a major policy mistake by cutting interest rates into rising inflation. Gold and silver have broken out, with the rally finally confirmed by mining stocks leading the way. Yet instead of breaking out, Bitcoin is topping out. Time to change horses HODLers. — Peter Schiff (@PeterSchiff) September 14, 2025 Fed Timing And The Rate Cut Question The Federal Open Market Committee meets on September 17, and many participants are expecting a rate cut at that meeting. Reports have linked Schiff’s warning to the timing of that move, arguing that a policy shift from the Fed could alter flows into crypto and other risk assets in ways the market does not yet fully price. Traders are parsing both macro signals and on-chain data as they set up for what may be a volatile session. Gold And Silver Rally Schiff contrasted Bitcoin’s flatness with what he called strong moves in gold and silver. In his post he suggested that mining stocks have confirmed the metals’ rally, and then added that Bitcoin, by comparison, looks tired. That blunt comparison is part of his wider message that some investors might want to re-balance into metals if the current pattern persists. How Other Analysts See It Not everyone agrees with the gloomier take. Some commentators point out Bitcoin’s recent weekly gains and highlight large buyers and corporate treasuries continuing to add BTC. Others caution that calling a top is hard and that the market often gives false signals around major policy events. Still, Schiff’s tweet has widened the debate and spurred fresh calls for caution among certain traders. Related Reading: Dogecoin Defies Odds, Jumps 21% Even As ETF Debut Gets Pushed Back Volume on rallies, whether Bitcoin can close decisively above $116,000, and the Fed’s announcement on September 17 are the near-term triggers to watch. If BTC fails to hold support after the Fed news, some technical traders may step aside or reduce risk exposure. Conversely, a clean break above resistance would weaken the topping argument and could prompt renewed buying. Featured image from Meta, chart from TradingView
According to Gold Telegraph, it’s “likely” that Russia is buying silver for its reserves, sending shockwaves through precious metals markets. For the first time, a central bank is disclosed to be actively accumulating silver, marking a sharp shift in global reserve strategy and a “monumental” moment for silver itself. A new era if Russia is […]
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The United States is sitting atop a fiscal precipice. With the total U.S. debt surpassing $37.43 trillion as of September 2025, the nation faces a historic reality. Nearly one-quarter of every tax dollar it collects is consumed by servicing the interest payments on its debt burden. The relentless march of U.S. debt According to monthly […]
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Markets brace for a widely expected Fed rate cut on Sept. 17, with history suggesting near-term turbulence but longer-term gains for risk assets and gold.
US spending surged to $689B in August as gold hit fresh highs near $3,670 and bitcoin crossed $115K.
While bitcoin’s correlation with gold has historically been weak, a recent uptick in long-term correlation suggests the “digital gold” narrative may be gaining traction, though it remains an evolving story as bitcoin continues to mature, writes Lionsoul Global’s Gregory Mall.
Bitcoin fell and gold pulled back from a record high after the news hit.
Peter Schiff has renewed his critique of Bitcoin as Tom Lee of Fundstrat pushes a headline-grabbing $200,000 price target for the cryptocurrency. Related Reading: Why $50 XRP By December 2025 Isn’t ‘Hopium’ If ETFs Get Greenlight: Analyst According to reports, Lee says the market’s recent weakness is tied to the Federal Reserve’s reluctance to cut interest rates, while Schiff points to gold’s recent rally as a warning sign for Bitcoin. Schiff Points To Gold’s Rally In an X post, the gold bug Schiff highlighted that the yellow metal rose 10% over the last two months and reached a new high of $3,620. “Markets are forward-looking. That’s why gold is up 10% in advance of coming rate cuts,” he said, arguing that gold’s move shows traders expect easier policy ahead. Bitcoin, he added, has not followed gold’s lead, and that gap worries him. Permabull @fundstrat forecast Bitcoin will hit $200K by year-end, as Bitcoin is sensitive to Fed rate cuts. He said the Fed’s two-month pause is why Bitcoin hasn’t rallied over that time period. But gold rallied 10% during those two months, hitting a record $3,620 as he spoke. — Peter Schiff (@PeterSchiff) September 8, 2025 Lee’s $200,000 Call And His Explanation Tom Lee remains optimistic. He has argued that the influx of institutional investors gives Bitcoin new “counter-cyclical characteristics,” and that bigger players could push prices much higher over time. Based on reports, Lee blames the recent underperformance on the Fed and keeps the $200,000 figure in public view. His stance continues to make him one of Wall Street’s best-known permabulls – persons who maintain a perpetually optimistic outlook. Market Odds And Traders’ View Polymarket users appear unconvinced by Lee’s timetable. At press time, markets show an 8% chance of Bitcoin reaching $200k this year. The same markets place roughly an 8% chance on Bitcoin dropping below $70,000 by the end of 2025. Those odds suggest bettors are split and that headline targets are being treated with skepticism. Source: Polymarket A Broader Performance Check Schiff has also pointed to longer-term measurements. He noted that Bitcoin is down 16% against gold over the past four years, even though the cryptocurrency has posted strong gains versus the US dollar in that span. He warned that when “more air” comes out of the Bitcoin bubble, the four-year returns may look weak. The idea that the old four-year cycle tied to halvings may be fading was raised by other analysts in recent commentary, and that debate is ongoing. Related Reading: Tighter Premiums Put Crypto Treasuries On Risky Road, According To NYDIG What Comes Next For Bitcoin Schiff went further by saying Bitcoin is more likely to sink below $100k than to reach $200k, putting a cautious spin on the outlook. This view makes clear where Schiff stands: he treats gold’s rally as a forward signal about future policy and believes Bitcoin’s lag is not a short-term quirk but a structural concern. Lee’s counter is that institutional flows could change how Bitcoin moves over time. Featured image from Meta, chart from TradingView
Paolo Ardoino said Tether, issuer of the world's largest stablecoin USDT, "didn't sell any bitcoin."
Everyone’s buying gold. The boomer rock blasted past $3,600 this week to mark a fresh all-time high and draw investors far and wide into its glittery orbit. So why is the gold price surging? It’s the result of a perfect storm: a cooling labor market in the U.S., expectations of rate cuts, relentless geopolitical jitters, […]
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Tether, the issuer of the world’s largest stablecoin USDT, is reportedly discussing deepening its investment in gold mining companies as part of its wider expansion strategy. According to a Sept. 5 Financial Times report, the company has held discussions with mining and investment groups to explore opportunities across the entire gold supply chain. If the plan […]
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Tether's CEO Paolo Ardoino referred to the precious metal as "bitcoin in nature," in a conference speech in May.
Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in the direction opposite to each other. Correlation Coefficient Is Now Underwater For Bitcoin & Gold In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Correlation Coefficient between Bitcoin and Gold. The Correlation Coefficient is a tool from statistics that measures the relationship between two given variables over a given period, typically one month. In the current case, the variables are the prices of BTC and Gold. Related Reading: Dogecoin Signal That Nailed The Top Says It’s Time To Buy When the value of the metric is positive, it means the price of one asset is reacting to movements in the other by traveling in the same direction. The closer is the indicator to 1, the stronger is this relationship. On the other hand, the coefficient being under zero implies there exists a negative correlation between the two assets. That is, they are moving opposite to each other. The extreme point for this side lies at -1. There also exists a third case for the Correlation Coefficient: a level exactly equal to zero. Such a value indicates no correlation whatsoever exists between the assets. In other words, their prices are independent of each other. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coefficient Correlation for Bitcoin and Gold over the past year: As displayed in the above graph, the Correlation Coefficient between Bitcoin and Gold shot up to a high above 0.5 back in June, suggesting the assets’ prices were tied to some degree. Following this peak, however, the correlation between the assets began to weaken, with the metric’s value slipping down. For a while it maintained inside the positive territory, but recently, that has changed. Related Reading: Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018 Gold has seen a price rally while BTC has been facing bearish action, resulting in the Correlation Coefficient turning slightly negative. This is the first time since February that the indicator has gone underwater. For now, the two assets are almost independent, but it remains to be seen whether the negative correlation will continue to grow in the coming days. Gold is the traditional safe-haven asset, while Bitcoin is associated as its digital counterpart. Periods where the two assets diverge can challenge the narrative for BTC. BTC Price At the time of writing, Bitcoin is trading around $110,100, down almost 2% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
The Bitcoin price has soared to historic highs this year, but not everyone believes the rally will last. A new warning from a crypto analyst suggests that the world’s largest cryptocurrency could be on the verge of a dramatic price crash, with the possibility of erasing nearly all of its gains and tumbling back to levels not seen in years. Why A 90% Bitcoin Price Crash Could Be Ahead In a recent interview on the David Lin Report, a financial news channel on YouTube, Bloomberg Intelligence senior commodity strategist Mike McGlone issued a stark warning for Bitcoin holders. After years of accurately calling key price levels, including the surge to $100,000, McGlone now predicts that BTC could wipe out more than 90% of its gains, potentially falling back to $10,000 in this market cycle. Related Reading: Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here The Bloomberg strategist explained that Bitcoin’s climb to six figures on December 6 marked a major psychological threshold. According to him, that milestone was less a sign of long-term strength and more a signal that the market had overheated. He described the surge as a textbook example of “selling when there’s yelling,” meaning that investors often get caught up in the euphoria at the top. Since Bitcoin crossed $100,000 on December 6, McGlone noted that gold has appreciated roughly 30%, while BTC has added only about 8%. Stock market benchmarks such as the S&P 500 have also posted modest returns in the same period, leaving digital assets struggling to show dominance. McGlone highlighted the growing connection between Bitcoin and broader equity markets, noting that its 48-month correlation with the S&P 500 now stands at 0.6. He suggested that this pattern underscores Bitcoin’s transformation into a risk-on asset, moving in tandem with stock market performance rather than acting as an independent store of value. Adding to his bearish stance, the Bloomberg strategist pointed out that volatility signals are shifting. In August, the Volatility Index (VIX) hit its lowest level of the year at around 14.2, while Bitcoin simultaneously reached new highs. By the end of the same month, volatility spiked again, suggesting that market sentiment may be changing. For McGlone, these signals indicate that investors should prepare for a potential correction phase, with gold likely to continue outperforming BTC and other speculative assets. Analyst Says Bitcoin To $1 Million Is Unlikely During the interview, Lin questioned whether Bitcoin could ever climb to $1 million, pointing to the same logic that took the asset naturally from $10,000 to $100,000. McGlone dismissed the idea, stressing that today’s market environment is fundamentally different and does not support such an outcome. Related Reading: Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says The Bloomberg strategist explained that when Bitcoin was trading near $10,000, market sentiment was profoundly negative, which created the ideal conditions for a long-term rally. By contrast, at a price above $100,000, the current market is crowded with long positions, making it harder for BTC to sustain upward momentum. In his view, the sheer weight of speculative exposure has left Bitcoin vulnerable to a potential retracement rather than setting the stage for exponential growth. Featured image from Getty Images, chart from Tradingview.com
Gold’s 33% surge cements its role as the benchmark asset, while bitcoin’s long-term structure against gold signals a decisive move ahead.
The digital gold will be trialed with commercial participants in London in Q1 of 2026
The tokenized gold structure lets U.S. retirement investors earn yield on crypto protocols while keeping tax advantages.
A weaker US jobs market has strengthened the case for easing, and investors are seeking protection in hard assets, some opine.
Gold-backed tokens XAUT and PAXG have surged to fresh highs in market capitalization as the metal trades near its April peak.
Bitwise CIO Matt Hougan has stated that a growing number of professional investors are skipping Bitcoin and turning directly to Ethereum as their first crypto investment. This has long been regarded as the entry point into digital assets, and Bitcoin is now sharing the spotlight with Ethereum. Ethereum Emerging As First Choice For Professional Investors In Ripdoteth’s update on X, Bitwise CIO Matt Hougan has revealed on live that an interesting trend is emerging. He claims that many professional investors are bypassing Bitcoin and going directly to Ethereum, whose utility in decentralized finance, smart contracts, and Web3 applications is increasingly drawing institutional capital. The reason he explains is rooted in how institutions already think about portfolio construction. Related Reading: You Know Bitmine Has Been Buying Ethereum, But Can You Believe How Much ETH The Company Now Holds? According to the expert, most professional investors don’t actually own gold. This is because Gold is considered a niche asset, with perhaps only 15% to 20% of institutions holding it, while the vast majority of 80% or more invest in stocks and bonds. Since Bitcoin is often framed as digital gold, its appeal is limited for many professionals who never allocated to gold in the first place. “A lot of people look at Bitcoin like it’s digital gold. I don’t own gold, but I do own technologies,” Hougan stated. ETH fits naturally into the portfolios of those who already allocate to innovative technologies. With tokenization and stablecoins gaining traction, he expects institutional flow into ETH to continue building momentum. ETH Hits All-Time Highs As Institutions Target Long-Term Holdings While institutions see Ethereum as the exposure to the technological backbone of a digital economy, Wall Street FOMO has hit historic levels, as the US institutional appetite for ETH is reaching unprecedented heights. Related Reading: Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals Crypto trader Bull Theory has highlighted that in August 2025 alone, Ethereum Spot ETFs purchased $3.87 billion worth of ETH, driven almost entirely by professional investors chasing long-term exposure. Leading the charge is $11 trillion asset manager BlackRock, which allocated $3.38 billion worth of ETH and $707 million in Bitcoin, highlighting a clear preference for ETH over BTC. This wave of institutional buying pushed Ethereum to new all-time highs in August. Importantly, the majority of these purchases are intended for long-term holdings, reducing immediate sell pressure and supporting sustained price momentum. If ETH closes above $4,630, it will mark the highest monthly close since the 2021 bull run. Furthermore, Ethereum’s transaction volumes surged past $320 billion on-chain, reflecting broad engagement across decentralized finance, stablecoins, and tokenized assets. Meanwhile, staking continues to attract Wall Street attention, with nearly 36 million ETH, which is 29% of the total circulating supply, now locked in staking contracts. With 3% staking rewards, Ethereum provides institutional investors with a steady dividend, making it more appealing for long-term portfolios. Featured image from iStock, chart from Tradingview.com
Gold prices have surged to their highest level since April, nearing the record high of $3,499.
Bitwise’s André Dragosch argues gold still protects against stock sell-offs while bitcoin hedges bond stress — raising questions about their roles in 2025 portfolios.
Recent data from Bitcoin and gold ETFs revealed a departure from historical trends this month: instead of flows moving in opposite directions as they normally do, both Bitcoin and gold experienced outflows at the same time. This rare correlation speaks volumes about the current macroeconomic environment and shifting investor psychology. Bitcoin outflows didn’t benefit gold, […]
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Gold climbed nearly another 1% on Thursday to just below $3,500 per ounce.
Bitcoin volatility has plummeted from around 60% at the beginning
of the year to a current record low of 30%, the report said.
Bitcoin eased back this week after a fresh peak, but a loud bullish pitch is making rounds. According to market updates, the coin hit about $124,390 before slipping to $114,158 and then nudging up to $115,285 at press time. Related Reading: Analyst Says Shiba Inu’s $0.000010 Support Could Trigger Major Bounce Based on reports from a chart-focused analyst who goes by AO, Bitcoin may be tracing a pattern like gold’s, and that pattern could point to a rise toward $600,000 — a jump of roughly 420% from current levels. Analyst Sees Gold Pattern AO’s view rests on chart shapes. He compares Bitcoin’s recent wedge and ascending triangle to the way gold moved over the last decade. According to AO, Bitcoin’s consolidation around $115,000 could be the base for a large breakout. #BITCOIN IS READY FOR A HUGE BULL RUN. pic.twitter.com/eorprzknEQ — AO (@AO_btc_analyst) August 18, 2025 AO’s scenario includes what he calls “missing legs,” and he puts a possible run above half a million dollars by 2026 if the pattern completes the way he expects. Reports have mentioned similar geometric comparisons from other watchers, though few attach a precise price target like $600,000. Market Scale If Target Hits Based on those numbers, a $600,000 price tag would imply market value in the ballpark of approximately $12 trillion. That figure would push Bitcoin past many big tech names and place it closer to gold’s valuation than where it stands now. According to the same reports, that is the idea being used to argue Bitcoin’s case as a major store of value. The math behind the headline number is simple, and the size of the move — about 420% from roughly $115,000 — is what makes the claim dramatic. Bull Case Backed By Some Big Names Institutional voices add fuel to the talk. Strategy’s Michael Saylor, who has been one of Bitcoin’s most consistent backers, continues to argue that the asset will outshine traditional stores of value as more companies adopt it for their balance sheets. Ark Invest’s Cathie Wood has projected that Bitcoin could eventually climb to the $1 million mark, underscoring the growing confidence among high-profile investors. Meanwhile, Mexican billionaire Ricardo Salinas Pliego has also voiced his view that Bitcoin could surpass gold’s roughly $22 trillion valuation in time. Related Reading: After Monero Hit, Qubic Group Puts Dogecoin On Target List Signals That Could Change The Story Not everyone treats the pattern call as a forecast. Some analysts warn that matching a chart shape to gold doesn’t prove the same outcome will follow. The two assets have different buyers, liquidity and use cases, and a huge lift to $600,000 would likely need long-term, large flows into Bitcoin — for example, big institutional allocations or permanent reserve moves — not just a short-term momentum spike. Regulation, interest rates and market shocks are other real factors that could alter any plan. Featured image from ETF Stream, chart from TradingView
Markets demand a higher premium for U.K. debt compared to U.S. Treasury notes.
Ethereum’s most recent price rally has eroded Bitcoin’s dominance, representing one of the steeper movements in the crypto space in recent months. Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status Though both assets have registered growth, US President Donald Trump’s long-time crypto skeptic, Peter Schiff, made it plain which one he would retain in case he were forced — and it isn’t Ethereum. ETH Pushes Past $4,000 Amid Strong Activity Ethereum moved past $4,000 in recent trading sessions, reaching a high for 2025. Whale transactions and heavier derivatives trading have been the fuel to this price action, according to reports. Volumes and open interest have also gone up, indicating healthy speculative demand. ETH even surpassed Bitcoin’s percentage appreciation in the previous week, further pushing eagerness up among its fans. Well Ether is up a bit since I recommed switch it into Bitcoin, but I still think the trade will work out. If fact, it was woring well initially, until Ether just rallied late last week. I have no interest in owning either, but if you put a gun to my head, I’d chose Bitcoin. — Peter Schiff (@PeterSchiff) August 9, 2025 Schiff, who is an economist and gold advocate, said Ether’s surge came after he had been recommending investors to transfer their ETH to Bitcoin. Though that tack apparently paid off at first, Ethereum’s late-week surge closed the gap. “I have no interest in owning either, but if you put a gun to my head, I’d pick Bitcoin,” Schiff said on X. Bitcoin Above $100k But Lags Behind In Terms Of Market Share Despite the ETH rally, Bitcoin has kept its position as the largest cryptocurrency by market capitalization and the most widely adopted by institutions. It is still above $100,000, buoyed by spot Bitcoin ETF inflows and corporate treasury buying. Market share statistics from CoinMarketCap, however, indicate that Bitcoin’s dominance had dropped to 59%, which is 4.90% less from last month. Ethereum’s share has grown to 12%, up 3.25% in the same period. Altcoins combined have increased their slice to 25%, a gain of 1.50%. Abrupt Shift From June Peaks Bitcoin dominance hit an annual high of 65% on June 27, 2025, then retreated during the following weeks. Dominance was at 61% a week ago. The year low hit 53% during December 2024, which means current levels are still much higher than that low but still trending downwards. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor Ethereum, for its part, has continued to consolidate more, nearing the top of its yearly range. Whether it holds there or not will be a function of institutional positioning, macro trends, and continued trading momentum. In the meantime, Schiff’s comment made clear that, if threatened, he’d still take Bitcoin over Ethereum — a rare admission from a long-time critic of both. Featured image from Meta, chart from TradingView
Gold leads bitcoin year to date, but BTC’s cumulative return since 2011 dwarfs all major asset classes, including gold, stocks and real estate.