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Gold Skyrockets to New Highs—Is Bitcoin About to Break Out Too?
By Jeff Taylor
April 17, 2025
As the global uncertainty deepens, investors are scrambling to seek safe-haven assets. Gold has once again dominated the headlines, surging to an unprecedented $3,357.40 per ounce driven by escalating geopolitical tensions and a weakening U.S. dollar. Meanwhile, Bitcoin’s recent volatility raises concerns about its future trajectory.
While gold has traditionally been viewed as a store of value during times of economic distress, Bitcoin has demonstrated resilience in the face of market uncertainty. Despite its 22.2% retracement from an all-time high above $109,114, Bitcoin still boasts a remarkable 76% increase over the past year, outperforming gold’s 44% rise.
In light of these developments, it is crucial to examine whether Bitcoin could be poised to break out and mirror gold’s extraordinary performance.
Source: https://www.crypto-news-flash.com/gold-skyrockets-to-new-highs-is-bitcoin-about-to-break-out-too/?utm_source=rss&utm_medium=rss&utm_campaign=gold-skyrockets-to-new-highs-is-bitcoin-about-to-break-out-too
