$BTC vs #GOLD
🥇 Gold: Record and Volatility
* Milestone: Reached a historic high of 5,600 USD per ounce.
* Current situation: Experienced a "flash crash" of about 400 USD, stabilizing near 5,200 USD.
* Cause: Distrust in the dollar and geopolitical tension with Iran drive purchases, but the high price prompted massive selling to take profits.
₿ Bitcoin: Drop to lows
* Price: Fell by 8%, sitting in the range of 80,000 - 84,000 USD (its lowest point in two months).
* Current situation: Has lost 33% since its peak in October (126,000 USD).
* Cause: Capital flight to gold (seen as a safer haven), massive fund outflows in ETFs, and the Fed's decision to keep interest rates high.
🥇 Gold: Record and Volatility
* Milestone: Reached a historic high of 5,600 USD per ounce.
* Current situation: Experienced a "flash crash" of about 400 USD, stabilizing near 5,200 USD.
* Cause: Distrust in the dollar and geopolitical tension with Iran drive purchases, but the high price prompted massive selling to take profits.
₿ Bitcoin: Drop to lows
* Price: Fell by 8%, sitting in the range of 80,000 - 84,000 USD (its lowest point in two months).
* Current situation: Has lost 33% since its peak in October (126,000 USD).
* Cause: Capital flight to gold (seen as a safer haven), massive fund outflows in ETFs, and the Fed's decision to keep interest rates high.
