Bitcoin broke above the $$ 71.000 level on Tuesday morning for the first time since June.

Up 34.2% year-to-date, gold is on track for its best annual performance since 1979, outperforming both stocks and bonds.

Gold is breaking traditional correlations, rising despite a strong dollar and higher Treasury yields, rising 5.1% in October alone.

Bitcoin’s surge coincides with significant inflows into Bitcoin ETFs of approximately $$ 479 million earlier in the week.