"Debasement Trade" Trend: BTC + Gold Rise Together 🥇📈
Bitcoin and gold both posted gains overnight amid discussions of dollar hedging. Some market commentators refer to this as a return of the "debasement trade" narrative. Gold traded near $3,420/oz and BTC near $118,400 at time of writing.
Community View: Some analysts are watching DXY levels and Q4 macro data.
#Bitcoin #Gold #Macro #NotFinancialAdvice
Bitcoin and gold both posted gains overnight amid discussions of dollar hedging. Some market commentators refer to this as a return of the "debasement trade" narrative. Gold traded near $3,420/oz and BTC near $118,400 at time of writing.
Community View: Some analysts are watching DXY levels and Q4 macro data.
#Bitcoin #Gold #Macro #NotFinancialAdvice
