Source: IncomeSharks/XCrypto trader, analyst and entrepreneur Michaël van de Poppe continued the lukewarm reaction to the upside on both Bitcoin and gold, predicting that they would “probably will give it back.”“Needs to get above $88,804 to break the series of lower highs and lower lows,” trader, analyst and podcast host Scott Melker, known as the “Wolf of All Streets,” added. “Is it time? ”Fed policy in spotlight as officials speakAs last week, the coming days will see the Federal Reserve take the spotlight as senior officials comment on the current macroeconomic landscape.
Bitcoin, in a break with recent tradition, managed to copy gold’s optimism instead of following equities lower.“Gold has hit its 55th all time high in 12 months and Bitcoin is officially joining the run, now above $87,000,” trading resource The Kobeissi Letter responded in part of an X post on the topic. “The narrative in both Gold and Bitcoin is aligning for the first time in years: Gold and Bitcoin are telling us that a weaker US Dollar and more uncertainty are on the way.”Gold nears record $3,400 on trade war fearsGold itself, meanwhile, remains the standout bullish story for 2025.
In the past, Bitcoin breakouts have lagged gold by around three months.“After futures opened it didn't take long for $BTC and $GOLD to move up quickly as equities moved down,” popular trader Daan Crypto Trades told X followers. “Pretty interesting move which is now compounding on the relative strength BTC has already been showing for weeks.”BTC/USD vs.XAU/USD 1-day chart.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by William Suberg
The story "US dollar goes 'no-bid' — 5 Things to know in Bitcoin this week" has 1308 words across 43 sentences, which will take approximately 6 - 11 minutes for the average person to read.
Which news outlet covered this story?
The story "US dollar goes 'no-bid' — 5 Things to know in Bitcoin this week" was covered 4 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 30 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
