Analysis: The rise of gold has paused, and the price of Bitcoin may break through its historical high
ChainCatcher news, according to Coindesk, the recent strong performance of gold may impact the price trend of Bitcoin. Historical data from 2020 shows that when the rise of gold slowed down, Bitcoin experienced significant increases.
Recently, the inflow of funds into gold ETF products has reached its highest level since October 2022, while the inflow of funds into U.S. Bitcoin ETFs has also reached $2 billion over the past seven trading days. Analysts believe that the pause in gold's rise may pave the way for new highs for BTC.
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