Bitcoin held above $61,000 after weak US jobs data eased rate hike fears, potentially setting the stage for a push towards $70,000 as capital rotates into BTC and gold.
Recent comments from former Fed official Kevin Warsh have set the stage for a potential rally in Bitcoin and gold, pending the release of U.S. jobs data on July 2, 2026.
Bitcoin options traders are increasingly betting on a price drop, with significant activity seen in $50,000 put options.
Bitcoin is experiencing a downturn, mirroring sell-offs in gold and silver, as a hawkish Federal Reserve unwinds its role as a dollar hedge.
Tether now allows XAUT holders to borrow against their $23 billion gold stockpile, mirroring Bitcoin-backed lending for liquidity.
Gold, silver, and Bitcoin are experiencing a significant downturn as markets price in Federal Reserve interest rate hikes, unwinding the 'debasement trade'.
Goldman Sachs has revised its year-end gold price target downwards, signaling reduced expectations for aggressive interest rate cuts and impacting market sentiment.
Bybit has launched a dedicated options market for Tether Gold (XAUT), offering traders new tools for hedging and speculating on gold prices.
Singapore's DBS Bank introduces tokenized gold for retail investors, each digital token directly representing one gram of physical gold stored securely.
Bitcoin and gold face potential headwinds as US inflation surpasses 4%, according to analysts like Markus Thielen from 10x Research.
Bitcoin and gold prices are declining as investors brace for potential interest rate hikes following upcoming US inflation data, unwinding recent market gains.
Gold's recent fall below its 200-day moving average amid a strong US dollar and rate hike expectations could signal a potential shift towards Bitcoin for some investors.
Bitcoin's recent dip below $62,000 led to $1.5 billion in crypto liquidations, influenced by market shifts towards AI and gold, and revised Fed rate cut outlooks.
Tether has launched a new Visa debit card, allowing users to spend their tokenized gold (XAU₮) instantly and earn crypto rewards on purchases.