According to Golden Finance, BTC is currently under pressure after outperforming most asset classes in 2024. Data shows that BTC has only pumped about 3% so far this year, while gold has risen by 9%.
On February 4th, Trump stated that the US may take over the Gaza Strip. Despite attempts by his staff to downplay the remarks, it still pushed the price of gold to a historic high of $2,882 per ounce. Currently, the price of BTC still has a gap of about 10% from its historical peak.
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Bloomberg: BTC's annual increase lags behind gold, Trump's remarks trigger safe-haven demand rise
According to Golden Finance, BTC is currently under pressure after outperforming most asset classes in 2024. Data shows that BTC has only pumped about 3% so far this year, while gold has risen by 9%. On February 4th, Trump stated that the US may take over the Gaza Strip. Despite attempts by his staff to downplay the remarks, it still pushed the price of gold to a historic high of $2,882 per ounce. Currently, the price of BTC still has a gap of about 10% from its historical peak.