Bitcoin rebounded from session lows near $121,000, reaching around $122,750, while gold surged past $4,000 in its record-breaking rally. Despite Bitcoin being down 1.3% over 24 hours, market activity points to profit-taking rather than panic.
The CoinDesk 20 Index fell 3% to 4,229 points, though BNB, CAKE, and HASH posted gains, signaling resilience among select altcoins. Gold-backed tokens XAUT and PAXG tracked the spot gold rally higher.
Analysts at QCP Capital recommend “fading USD strength, staying long gold and BTC on dips, and preparing for data-gap volatility.”
Investor interest remains strong in both safe-haven assets like gold and high-performing cryptocurrencies, highlighting selective strength amid broader market softness.
