So close to again so far – this is the story of Bitcoin (BTC) this Friday morning, because its price rally blocked a little more record peaks in the middle of a continuous gold rally (XAU), a Asset at traditional risks and cryptographic tokens associated with it.
BTC, the main cryptocurrency by market value, changed hands nearly $ 104,400 at the time of the press. Bitcoin prices are only 4.7% unless you set a new life, according to Coindesk data.
The reiteration by President Trump of prices threatened by the threat of the prices for having cut the wings of the BTC. While some fear a prolonged sale before the development of the next large raised wave, the action on the onchain derivative market suggests the opposite.
“While some Crypto leaders bet on the BTC to fall before rallying at $ 250,000 later this year, the derive.xyz market remains skeptical. In fact, there are 9.7% that BTC falls below $ 75,000 before March and even less likely 4.4. De Devered.xyz, told Coindesk.
The flows on the drinking and the CME remain optimistic because the momentum seems to build for BTC reserves at the level of the state in the United States which said that gold, a traditional refuge and tokens linked to gold are increasing, and the last increase in Tokyo inflation supports the bullish case in the anti-risk yen.
Gold hits life for life
Gold has reached a record summit of $ 2,799 per ounce early Friday, saving the one month up to date to 6.5%. The High Lifetime intervenes while participants in the London Lingots market rush to borrow yellow metal from central banks, motivated by increased gold deliveries in the United States. The burst of activity would be caused by concerns compared to possible import prices, according to Reuters.
According to the founder of Blokland Smart Multi-Asset Fund, Jeroen Blokland, the gathering of Gold to record heights against large fiduciary currencies indicates the discharge of currencies. The intentional devaluation of paper money could also offer the demand for alternative investments such as cryptocurrencies.
Golden back tokens already draw the strength from the rise in XAU prices, although they continue to negotiate at a discount on yellow metal. Tether Gold (XAUT) has reached its lifetime summit of $ 2,796 on Bitfinex early today, according to tradingView data. Meanwhile, PAXG also teased a decision to record tops greater than $ 2,800.
Inflation of Tokyo Surtende, Aud / Jpy looks south
Consumer inflation in Tokyo, which tends to direct national trends, has accelerated slightly in January, according to government data. In particular, the central figure, which excludes the volatile food and energy component, increased by 2.5% in January compared to the previous year, compared to the 2.4% increase observed in December.
The quickest annual increase is conducive to more increases in the Bank of Japan (BOJ) and the strength of the Yen. Last week, the central bank increased the rate of 0.5%, the highest in more than 16 years.
A potential increase in the Yen could destabilize more risky assets, as shown in August from last year. AUD / JPY, the risk barometer of the FX market, threw a consolidation model, referring to more losses and a wide risk to come.
