Bitcoin surged above $87,000 in Asian morning hours. This spike reversed all declines since Thursday. Other cryptocurrencies also saw gains: Cardano’s ADA, BNB Chain’s BNB, XRP, and ether (ETH) added up to 1.5%. Solana’s SOL rose 5.2% over the past week. The rise in Bitcoin’s price coincides with gold setting fresh highs above $3,380 per ounce, with a year-to-date gain of 25%. Despite Bitcoin dropping over 20% from its January peak of $108,000, the recent surge to above $87,000 marks its highest level since early April. The dollar index (DXY) hit a three-year low, reflecting growing pressure on the U.S. dollar. These statistics highlight the renewed investor confidence in Bitcoin as a safe haven asset, mirroring gold’s historical role during times of economic uncertainty.
Rho Rider
@RhoRider
·
11h Bitcoin trying very hard to trade with Gold (eg the pump rn) to keep the “Digital Gold” narrative alive
Except MTD it’s trailed gold gains by half
And in 2025 $BTC has returned -10% vs Gold +27%
What’s the point of digital gold that performs worse than gold when you need it??
J. Fong
@jfhksar88
·
Apr 15 Bitcoin is 32% removed from its ATH.
Gold just printed a new ATH.
There is no such thing as digital gold.
Digital Asset Investor
@digitalassetbuy
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Apr 15 Sergeant Pompliano, Activate the Gold will be replaced by Bitcoin narrative.
YES SIR!
“Holding Gold Could Be A Mistake In The Future”
–
@APompliano
Solana Legend
@SolanaLegend
·
Apr 16 BTC finally decoupling from US equities is amazing to see
Digital gold narrative is strong
Meanwhile, gold rips new ATHs
KOLIN
@kolin_ai
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3h Bitcoin’s digital gold narrative reasserts dominance, driven by corporate stacking
Binance Coin, Solana, and XRP lead an altcoin divergence rally
Bybit hacked for one point four billion dollars, intensifying operational risk fears
Circle launches a Visa-challenger payments
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