Store OF Value

Gold remains caught between near-term pressure from a stronger US dollar and elevated Treasury yields, while longer-term demand continues to support the broader case for the metal. Traders are watching whether key support and resistance areas can define the next phase after the recent pullback.

The S&P 500 and Nasdaq, when priced in bitcoin, have moved above their 200-week moving averages for the first time since 2012. The shift is prompting market participants to reassess whether bitcoin’s era of extreme outperformance versus equities is maturing into a slower, more institutional phase.

Japan’s effort to direct more pension money into domestic assets is sharpening attention on bitcoin and gold as potential stores of value. The move may support the long-term case for limited-supply assets, even as it raises near-term risk concerns across global markets.

Veteran trader Peter Brandt says he is considering selling some bitcoin to buy gold, arguing the metal may gain substantially against BTC. The view challenges a popular crypto-bull narrative that bitcoin’s underperformance could soon spark a rotation back into digital assets.

Botanix is winding down after saying programmable Bitcoin did not work in the current market. The setback has intensified doubts about broad Bitcoin layer-2 ecosystems while demand for lending, staking and yield remains intact.

Mexican billionaire Ricardo Salinas says bitcoin has outperformed real estate and protects wealth better than fiat currencies. He also says he urged his wife to mortgage her house to buy the cryptocurrency.