Bitcoin again exceeds $ 87,000, causing BNB, soil and XRP altcoins in its wake. This Haussier movement revives debates on its status of refuge value in a context of global economic instability.
In short
- Bitcoin reaches $ 87,000, reviving its image of “digital gold”.
- Gold culminates at 3,380 dollars an ounce, with an increase of 25 % since January.
- The US dollar is falling downward pressure in the face of the potential reductions in interest rates.
- Altcoins like BNB, Sol and XRP also record significant gains.
Bitcoin and gold are progressing in tandem in the face of economic uncertainties
The Crypto market is experiencing an impressive rebound at the start of the week. The price of Bitcoin crossed the 87,000 dollars mark during Asian exchanges, erasing all the losses suffered since last Thursday.
This increase is accompanied by a notable progression of other major cryptos: Cardano (ADA), Binance Coin (BNB) and XRP won up to 1.5 %, while Solana (soil) jumped 5.2 % over the week.
This ascent intervenes in a context where gold, a traditional refuge value, also reaches historical heights to more than 3,380 dollars perce.
The correlation between the two active ingredients reinforces the idea that Bitcoin finds its “digital gold” status, a narrative that had lost its strength in recent years.
Although bitcoin has long been correlated with American actions, it now seems to follow the gold trajectory, which served as a refuge value while the stock markets fell.
Nick Ruck, director of LVRG Research
The weakness of the dollar promotes alternative assets
The US dollar index (DXY) has dropped to its lowest level in three years, under pressure from potential interest rate drops and political uncertainty.
The Trump administration could seek to replace Jerome Powell at the head of the federal reserve and impose rate reductions, which pushes investors to diversify their assets.
“” Trade tensions and inflation fears encourage investors to turn to refuge values such as gold and now bitcoin “, underlines Jeff Mei, director of operations at BTSE.
A drop in rates increases the money supply, which devalues the dollar and potentially strengthens the role of bitcoin as a refuge value.
Despite a drop of more than 20 % compared to its 108,000 dollars peak in January, Bitcoin shows signs of resilience. This recovery aligns with the daring prediction of Robert Kiyosaki, author of “Rich father, poor father”, who anticipates a bitcoin at $ 1 million by 2035.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
