Reported about 14 hours ago
This week, gold's impressive rally came to a halt, prompting traders to take profits ahead of the Federal Reserve's policy decision, which in turn has revived interest in riskier assets like Bitcoin. With gold prices dropping over 6% and retreating from historical highs due to easing safe-haven demand and positive trade developments between the US and China, Bitcoin saw a resurgence, appreciating more than 5% in the same timeframe and breaking out of a recent trading range. This shift in market dynamics may signal a favorable environment for Bitcoin as investors begin to favor higher-risk assets again.
Source: YAHOO