High
- Bitcoin (BTC) has decreased by 2.4% to $121,340 due to a stronger dollar index, after reaching over $126,000 earlier this week.
- The Coindesk 20 Index declined by over 4% to 4,186 points.
- The dollar index rose to 98.90, the highest since August 5, impacting USD-denominated assets such as BTC and gold.
- There is potential for BTC to decline further to $118,000.
- U.S.-listed spot ETFs saw inflows of over $3 billion in the past week.
Gold's Performance
- Gold prices have exceeded $4,000 per ounce for the first time, driven by strong ETF inflows.
- Gold ETFs have reached their highest holdings since September 2022, with potential for further growth.
- The price surge is supported by central banks diversifying away from the U.S. dollar, political tensions, and aggressive trade policies.
- Gold-backed tokens like PAXG and Tether Gold have also surpassed $4,000, with a combined market value exceeding $3 billion.
