Gold prices soared to a record $3,812 as fears of a US government shutdown and anticipated Federal Reserve rate cuts drove investors towards safe-haven assets. Silver and platinum also reached decade highs, reflecting a weakened dollar.
Meanwhile, Bitcoin is consolidating around $12,000, approximately 10% below its all-time high of $124,000. Analysts, including Jordi Visser, suggest Bitcoin may experience sharp pullbacks similar to Nvidia's growth pattern before continuing its upward trajectory. On-chain data indicates Bitcoin's MVRV ratio has cooled to 2.0, suggesting a potential reset phase before a new bull cycle.
Gold Reaches Record High Amid US Shutdown Concerns; Bitcoin Steady
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