🚀 Bitcoin returns to the 90,000 mark, soaring in sync with gold!
Today, Bitcoin broke through the resistance level of 88,000 USD within 6 hours, successfully reaching 90,000 USD, setting a new 6-week high, and rebounding over 20% from the March low.
At the same time, today spot gold surpassed 3,350 USD/ounce, reaching a historical high, with an increase of over 26% this year.
Based on the current independent trajectory from the US stock market that aligns with gold, it indicates that the safe-haven demand for both Bitcoin and gold has resonated: under the dollar credit crisis, both are viewed as 'de-dollarization' alternative assets.
Expectations for liquidity easing: The Fed's interest rate cut expectations drive a simultaneous rise in risk assets (BTC) and traditional safe-haven assets (gold).
Market sentiment transmission: When US stock market volatility increases, funds withdraw from stocks and flow into gold and Bitcoin.
At least from the recent period, it seems that Bitcoin and gold have developed a certain overlapping trend, and we hope to see a return to 100,000 for Bitcoin soon!