Crypto prices again muted as gold surges to new record, U.S. stocks advance
CoinDesk
Cryptocurrencies were muted as gold hit a record high and U.S. stocks advanced during Monday's trading session.Summary
During the U.S. trading session, cryptocurrencies like Bitcoin, which briefly surpassed $90,000, pulled back to around $89,000, underperforming other major asset classes. The standout performer was gold, surging 2% to a record high of $4,475 per ounce, with silver also gaining significantly. U.S. stocks, including the Nasdaq and S&P 500, were up by 0.6%. Crypto miners focused on AI infrastructure saw strong gains, boosted by Alphabet's acquisition of AI start-up Intersect. Analysts suggest that Bitcoin and crypto may remain muted until the current bull market in precious metals pauses, noting that silver's recent rally has nearly matched Bitcoin's eight-year return.
(Source：CoinDesk)