
Gold Surge Offsets Bitcoin
The target weights last month were 30.7% and 69.3% (Bitcoin to Gold). Price changes over the month led to the last day’s weights at 28.2% Bitcoin and 71.8% Gold.
The target weights last month were 30.7% and 69.3% (Bitcoin to Gold). Price changes over the month led to the last day’s weights at 28.2% Bitcoin and 71.8% Gold.
This token takeaway takes a closer look at Aave’s ecosystem, its unique positioning as a decentralised alternative to traditional finance, and the role of its native token, AAVE.
Bitcoin drops to a ByteTrend Score of 2 in USD. That means the price has touched the 20-day low (red), has turned below the 30-day moving average (pink), and that same moving average is pointing down.
The 30-year gilt yield is up again and looks poised to move higher. This should be the safe asset for investors seeking certainty. But as yields rise, prices fall, and it is hard to know where this ends.
The gold miners are outperforming gold, a trend which is long overdue. The miners have operational gearing and are supposed to lead the gold price during gold bull markets.