Gold stagnates, Bitcoin may reach new highs

CoinNetwork · 2025-04-26T00:58:18+00:00

The U.S. Treasury Secretary stated that the China-U.S. trade agreement may take several years to reach. Bitcoin price reached a historic high of $93,600, and the overall rise in Crypto Assets is strong. The net inflow of BTC futures funds has reached the highest record in two weeks, indicating institutional investors' enthusiasm for new currencies and political order. Gold prices fell, and the market may be gradually recovering from uncertain times. Bitcoin may become an effective hedging tool when risk assets fall.

CoinNetwork

2025-04-26 00:58:18

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On Wednesday, U.S. Treasury Secretary Scott Bessent reiterated that a U.S.-China trade deal could take years. Bitcoin is up 2.6% over the past 24 hours and is up 12.2% to an all-time high of $93,600 over the past week. The large cryptocurrency index CoinDesk 20 rose 4.2%. Sui, Cardano, and Chainlink all saw double-digit gains. Although Bitcoin has been strong in recent days, the performance of crypto stocks has also begun to cool down as the day has fallen. BTC futures funds recorded net inflows of nearly $1.3 billion, their strongest one-day performance in two weeks. Analysts believe that this reflects the enthusiasm of institutional investors for the upcoming introduction of a new monetary and political order. On the other hand, the price of gold slipped 2.5% today, rising 35% from the past four months to $3,290 an ounce, suggesting that the market may be transitioning from the most uncertain period. Bitcoin has parted ways with risky assets to some extent and is now being rehearsed for the fact that BTC is “digital gold”. If risk assets weaken further after this, bitcoin will become an effective hedge against monetary easing.

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