BiyaPay Analyst: Gold and Bitcoin both fell, making it difficult to see a trend Rebound by the end of the year.

According to Deep Tide TechFlow news on November 4, BiyaPay analysts stated that both safe-haven and risk assets fell. Spot gold fell below $3990 per ounce, down more than 0.4% intraday, and over 9% from the October high; Bitcoin also fell below $104000, reaching a new low in nearly two weeks. BiyaPay analysts pointed out that the decline in gold is due to previous rapid gains and profit-taking triggered by high volatility, while Bitcoin is under pressure from hawkish signals released by Fed officials indicating “high interest rates may continue into next year.” This has led to a outflow of market risk aversion funds, a slowdown in ETF subscriptions, and continued selling pressure from miners, weakening price support. Overall, it seems difficult for gold and Bitcoin to show a trend rebound before the end of the year, and a weak oscillating pattern may continue until the end of the year.

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