Bitcoin recovered from Asian session lows near $121,000, trading around $122,750, while gold surged past $4,000 in its record-breaking rally. Despite Bitcoin being down 1.3% over 24 hours, market activity signals profit-taking rather than panic.
The CoinDesk 20 Index fell 3% to 4,229 points, but selected crypto assets showed resilience. BNB, CAKE, and HASH gained on the day, while gold-backed tokens XAUT and PAXG mirrored spot gold gains.
Analysts continue to favor a bullish approach on dips. QCP Capital said: “Fade USD strength, stay long gold and BTC on dips, and brace for data-gap volatility.”
The market reflects ongoing investor interest in both safe-haven assets like gold and digital assets with strong institutional and retail support.
