Bitcoin has experienced a price increase while gold has declined, highlighting a shift in investor capital. Over the past 24 hours, Bitcoin rose nearly 1%, whereas gold fell by 0.7%. On Tuesday, Bitcoin saw a 4% gain as gold dropped 3%, suggesting a growing perception of Bitcoin as a modern inflation hedge. This trend is reminiscent of 2020, when gold's rally cooled as Bitcoin surged. Analysts observe that traders are securing gains in gold and silver amid concerns of overvaluation. Additionally, SpaceX transferred 2,495 Bitcoin to new wallets, marking its first crypto transaction since July.
Bitcoin Rises as Gold Declines, Indicating Capital Rotation
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