🪙Gold Loses Its Shine While🤔 Bitcoin Holds Strong Implications for Global Investors🌍
Gold has lost billions 📉in market capitalization, more than Bitcoin's worth, in one of this cycle's most stunning moments. 😯The metal formerly associated with stability is now revealing fissures, while BTC, the volatile cryptocurrency, has stayed sturdy.
🚀Meaning For Bitcoin Next Market Cycle
Gold has long been considered the ultimate safe🔒-haven and rock-solid.🗿 However, seasoned financial expert Tom Tucker🧔 stated on X that Gold, the world's oldest store of wealth, has lost $2.5 trillion😭 in market value, more than Bitcoin's market cap.
The crypto anxiety and Greed Index 🗂️shows severe anxiety, indicating panic in digital asset sentiment. Tom Tucker advises traders to be careful since' may follow gold.
CryptoMichNL, the CIO and Founder of MNFund and MNCapital, said that gold corrected by almost 8% in a dav. Bitcoin also rose dramatically butultimately lost most of its gains.📈
CryptoMichNL says gold's turmoil is temporary.
Because gold is a major outlier with a parabolic run in recent months, its volatility is significant. If gold has bottomed out, money might shift to other
However, a soft CPI result might lead to rate reduction and the end of the US government shutdown. Otherwise, BTC consolidation may become risk-on.
Gold seen severe declines. James Van Straten, CoinDesk Senior Analyst and Coinsilium Group and ForzaBitcoin Advisor, said the last major gold correction occurred in August 2020. Gold reached a record $2,035 on August 6, but it fell 5% on August 11 and entered a seven-month 20% decline.
During that time, Bitcoin was consolidating belc $10,000 before rising to new highs that year, powered by COVID-19-era stimulus.
