**Bitcoin Surges Amid Market Uncertainty**

Bitcoin (BTC) saw a 6% rally on July 26, nearing the $68,000 resistance level. This surge coincided with a drop in the US 5-year Treasury yield, hitting its lowest since March 2024. Gold also climbed 1.4%, approaching $2,400.

Despite increased interest in fixed-income securities and gold, Bitcoin's rise is linked to tech stock performance and weak real estate data. The US personal consumption expenditure (PCE) price index rose 2.5% in May, hinting at potential interest rate cuts by the Federal Reserve.

Investor concerns about a stock market correction and high borrowing costs in real estate are making Bitcoin more attractive. Notably, pension funds are increasingly investing in Bitcoin ETFs, signaling a shift towards viewing Bitcoin as a "digital gold" hedge.

While Bitcoin's future remains uncertain, its growing appeal as an alternative asset is evident.