Analyst: BTC's crypto market dominance is rising, although it lags behind gold, it is regaining its footing

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ODAILY
04-22
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Planet Daily News: Analyst James Van Straten indicates that the US dollar, which typically strengthens in risk-averse environments, is currently weakening as capital flows towards the Japanese yen and euro. In this new landscape, alternative assets are taking center stage. Gold has surged to a record high of $3,500 per ounce, solidifying its status as a safe-haven asset. Gold's rapid growth is evident: this year, its market value has increased by approximately $6 trillion, which is three times the highest historical market value of Bitcoin (BTC). However, while Bitcoin's market performance lags behind gold, it is also regaining its footing, reaching a new peak in dominance within the cryptocurrency market and beginning to diverge from US tech stocks. This Friday, Bitcoin options worth $6.7 billion are set to expire, including $330 million in call options with a strike price of $100,000, potentially causing volatility in the last week of April. (CoinDesk)

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