Bitcoin and Gold Surge: Safe-Haven Comeback or Holiday Hype? đ¤
Bitcoin roared past $87k in early Asia trading, rebounding from a selloff triggered by Trumpâs âLiberation Dayâ announcement on April 2. Gold also hit record highs, fueled by trade war fears and a weaker US dollar. While equities slumped, Bitcoinâs rally has sparked talk of it as a safe-haven or inflation hedge. Institutional interest is picking up, with $13.4M in BTC ETF inflows last week and more balanced options positioning. But with Europe still on holiday, itâs unclear if this is a real shift or just thin holiday trading. Key resistance at $88.8k is the level to watch.
I think the $BTC and gold rally is intriguing, but Iâm not sold on it being a full-on safe-haven pivot just yet. The holiday timing makes me skepticalâit could just be low-volume noise. That said, the ETF inflows and options market shifts are solid signs of growing confidence. If BTC breaks $88.8k and holds, Iâd lean toward this being a bigger deal. For now, itâs a âwait and seeâ moment, but the correlation with gold and equities is definitely worth keeping tabs on.
What do you think?
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