Gold is approaching an all-time high amid heightened tensions in the Middle East, recently reaching $3,450 per ounce, leading analysts to caution that Bitcoin, currently at $106,528, correlates more with equities than gold.
Market analysts stress that Bitcoin must maintain support above $95,000 to sustain its upward momentum. While Bitcoin has gained only 13% this year, gold has surged 30%, indicating differing investor sentiment.
Leave a Reply