Degen

Gold prices hit a monthly low on Wednesday, while Bitcoin rose. The divergence came as trade tensions between the US and China eased, boosting appetite for riskier assets like Bitcoin and reducing demand for safe-haven assets like gold.

The US and China recently announced tariff cuts on each other’s imports. Analysts believe Bitcoin’s “safe-haven” narrative has also been bolstered by concerns about a weakening US dollar.

Meanwhile, Bitcoin spot exchange-traded funds (ETFs) have recently seen record inflows and reached new highs.