According to CoinMarketCap data, Bitcoin's price has rebounded, briefly exceeding $87,400 on Monday morning (21st)—the highest level since March 28. Simultaneously, gold prices reached a record high for the 55th time in the past 12 months.
Market analysts note that this rare synchronized upward trend signals a weakening US dollar, prompting traders to consider these assets for portfolio diversification.
Key Highlights:
- Bitcoin has risen over 16% since hitting its 2025 low of $75,000 on April 9.
- The current price is just 20% below its all-time high, reigniting bullish sentiment.
- Despite a 1% drop in Nasdaq futures, Bitcoin broke through resistance, suggesting potential decoupling from traditional markets.
Macroeconomic Insights:
- KobeissiLetter observed that this is the first time in years where both gold and Bitcoin simultaneously indicate dollar weakness, reflecting broader economic shifts.
- The US Dollar Index (DXY) has fallen 10% year-to-date amid escalating global trade tensions.
Bitcoin Halving & Institutional Demand:
- The April 2024 halving reduced block rewards from 6.25 BTC to 3.125 BTC.
Historically, price peaks occur ~18 months post-halving, but analyst Enmanuel Cardozo (Brickken) suggests this cycle may accelerate due to heavy institutional investments (e.g., MicroStrategy and Tether).
- MicroStrategy recently acquired 3,459 additional BTC, bringing its total holdings to 531,644 BTC (worth $44.9 billion).
AI Tokens Rally:
- Bitcoin's surge positively correlated with AI-related tokens like SingularityNET (AGIX) (+8%) and Fetch.ai (FET) (+6%).
- A 0.75 correlation coefficient confirms strong linkage between Bitcoin and AI tokens.
FAQs
Q: Why are Bitcoin and gold rising simultaneously?
A: Both assets are seen as hedges against dollar weakness and macroeconomic uncertainty.
Q: How does the Bitcoin halving affect prices?
A: Reduced supply often drives long-term price appreciation, though institutional activity may shorten typical cycles.
Q: What’s the connection between Bitcoin and AI tokens?
A: High correlation suggests overlapping investor interest in high-growth digital assets.
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