Bitcoin/Gold single-day increase is the largest since February 2022, suggesting that Bitcoin will perform exceptionally well and may attract funds out of gold.

Bitcoin/Gold recorded the largest single-day increase since February 2022. The new upward trend indicates that Bitcoin is expected to perform better than gold in the future, potentially leading to a flow of funds from gold to the market-leading cryptocurrency. A week ago, CoinDesk reported that as gold loses its bullish edge, the price of Bitcoin is expected to gain momentum, triggering a rotation of capital from gold to the market-leading cryptocurrency.

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