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Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record

cryptoweekly by cryptoweekly
April 16, 2025
in bitcoin, News
0

Bitcoin is in no mood to copy gold’s bull run yet, but on the horizon is a “terminal” end to the record XAU/USD winning streak, a trader predicts.

Bitcoin (BTC) faces an uphill struggle as a safe haven in 2025 as gold fund inflows circle $80 billion.

Data from Bank of America (BoA) uploaded to X by trading resource The Kobeissi Letter on April 15 confirms gold’s “best streak” since 2013.

As the US trade war sees investors flee to gold, Bitcoin has lost the limelight as a hedge against macroeconomic volatility.

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Recent Posts
  • Is Pi Network dead? What really went wrong behind the hype
  • Germany seizes $38M in crypto from Bybit hack-linked eXch exchange
  • SEC floats conditional relief to boost blockchain use in securities trading
  • Ether clocks ‘insane’ 20% candle post Pectra — a turning point?
  • Metaplanet is raising another $21M through bonds to buy more Bitcoin
  • Bitcoin accepted at fast food chain Steak ’n Shake from May 16
  • Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

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