Bitcoin risks testing $92,000 again after failing to reach the 4% gain of gold Bitcoin is once again lagging behind the unstoppable gold, as the macroeconomic landscape continues to surprise, and levels close to $90,000 could be next.
Bitcoin risks testing $92,000 again after failing to reach the 4% gain of gold Market update Key points:
Bitcoin is facing difficulties again while gold regains the spotlight with weekly gains of almost 5%.
The correlation of Bitcoin with gold is under scrutiny amid ongoing macroeconomic changes.
Traders see a short-term drop amid a broader recovery in BTC price.
The President of the United States, Donald Trump, gave contradictory answers about whether he has profited from the memecoin cryptocurrency he launched in January, just days before re-entering the White House.
Trump launched his memecoin, Official Trump (TRUMP), on January 17, which peaked at $73.43 two days later, just one day before his inauguration as president on January 20, according to CoinGecko.
The token has experienced a steady decline since its launch, but it surged at the end of last month after its website offered major holders the opportunity to dine with Trump on May 22. It is currently trading at $11.35, nearly 85% less than its peak.
Apparently, Trump was not aware of the recent rise in his token's value and repeatedly asked how much it was worth now.
Two companies, CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight LLC, which is co-owned by CIC Digital, jointly hold 80% of the total supply of 1 billion tokens.
Most of those tokens are locked and will be released over the next three years. In the first unlocking on April 18, 40 million tokens, valued at $454 million, went to CIC Digital.
Why tokenized gold surpasses other paper alternatives, according to Gold DAO:
Investors continue to turn to gold amid macroeconomic uncertainty and ongoing geopolitical tensions that have impacted the prices of risk assets.
Why tokenized gold surpasses other paper alternatives, according to Gold DAO News According to Melissa Song and Dustin Becker, representatives of Gold DAO, a decentralized autonomous organization that facilitates investors' access to tokenized gold, this asset presents several advantages over other forms of paper gold, including gold exchange-traded funds (ETFs).
In an interview with Cointelegraph, the DAO representatives described three main benefits exclusive to tokenized gold, including 1:1 redemption for a specific amount of serialized physical gold, use as collateral in decentralized finance (DeFi) applications, and transactional efficiency through on-demand liquidity.
"When an ETF is purchased, one bets on the rise of the gold price, but does not own any specific gold bar.
The pair added that the price of gold rose in 2025 due to current macroeconomic uncertainty, the high level of U.S. public debt, and geopolitical tensions that are reshaping the global monetary order.
Ethereum is approaching the key price level in Bitcoin that last time triggered a 450% gain. The current price setup of ETH against Bitcoin closely resembles 2019, with an oversold RSI and prolonged weakness below key moving averages after a multi-year decline.
Ethereum is approaching the key price level in Bitcoin that last time triggered a 450% gain. Market Analysis The Ether token ETH 1616 € of Ethereum is approaching a critical price zone against Bitcoin BTC 84.403 € , which historically marked the beginning of a massive rebound.
The price fractal of ETH since 2019 hints at a bottom. The ETH/BTC pair, which is currently trading near 0.019 BTC, is approaching 0.016 BTC, the exact level it reached in September 2019 before surging nearly 450% over the following year.