“Bitcoin and Gold Have Diverged Over The Past 24 Hours Amid A Strengthening Dollar Index.”, – WRITE: www.coindesk.com
The Leading Cryptocurrency by Market Value Has Droped 2.4% to $ 121.340, After Failing to Break Through Key Resistance Above $ 126,000 EARLY THIS Week The Coindesk 20 Index Has Declined Over 4% to 4.186 Points.
The Decline Comes As the Dollar Index, Which Tracks the Greenback’s Exchange Rate Against A Basket of Fiat Currencies, Rose to 98.90, The Highest Level Since Aug. 5.
Strengu in the Dxy Typical Weights on USD-Denominated Assets, Such As BTC and Gold. BTC’s Price Chart Suggests Scope for A Defeper Deckline to $ 118,000.
BTC Hit Record High Over $ 126,000 Early This Week, As US-LISTED SPOT ETFS PULLED IN OVER $ 3 Billion in The Week Ended Friday.
Gold Driven Higher by etf InflowsWhile Btc’s Rally Has Stalled, Gold Is Showing No Signs of Slowing Down, As Its Per-Occence Price Has Surged $ 4,000 for The FIRST TIME IN ITS HISTORY.
According to im, the recent raly is catalyzed by a surge in inflows into gold-linked exchange-traded Funds (ETFS).
“INVESTORS ADDING GOLD ETFS at A RAPID PACE. LAST WEEK, GOLD-Backed Exchange-Traded Funds Expanded Again Further Additions, Given the Current Total Remains of the Peak Hit in 2020. More Inflows Could Push Gold Even Higher, “Ing’s Analysts Said.
Prices have a doubbled in two years, spurred by Central Banks Buying the Yellow Metal to Diversify Away from the US Dollar. President Donald Trump’s Aggressive Trade Policy and Conflicts in the Middle East and Ukraine Have Aded to the Bullish Momentum.
Gold-Backed Tokens Such As Paxg (PAXG) Xaut$ 4,048.15 HAVE ALSO RISEN ABOVE $ 4,000. The Combined Market Value of All Gold Tokens Has Risen Above $ 3 Billion.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The Hardering of Japanese Government Bond Yields Cold Spillover Into Other Sovereign Bond Markets, Capping Upside in Risk Assets, Including BTC.
- Bitcoin Remains Under Pressure As Japanese Bond Yields Rise.
- Goldman Sachs Fears that Hardening of Japanese Yields Could Raise Borrowing Costs Across The Advanced World.
- The Dollar Index is rising, with the yen deprecating against the greenbit.
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