BTC, the leading cryptocurrency by market value, has been trading back and forth in a wide range between $50,000 and $70,000 since April, with several crypto-specific and macro factors consistently capping the upside. Meanwhile gold has surged by over 20% during the same time, reaching new record highs above $2,700. The yellow metal is up 37% this year. Silver, for its part, is up 43% this year after almost touching $35 on Tuesday, marking a 12-year high.
Source: https://www.coindesk.com/markets/2024/10/24/gold-rally-needs-to-pause-for-bitcoin-price-to-break-all-time-high-data-suggests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines