Global Market Update: Bitcoin in Stasis Above $104K, Gold Tokens Shine as XAU Hits Record High
Bitcoin's price remains stable at approximately $104,400, just 4.7% away from a record high, as the market anticipates further bullish trends amid rising gold prices. Gold reached a record $2,799 per ounce, boosted by increased activity in the bullion market and concerns over potential import tariffs following President Trump's recent comments. This has led to heightened borrowing of gold from central banks, with gold-backed tokens such as Tether Gold (XAUT) also nearing record highs. Additionally, consumer inflation in Tokyo is up to 2.5% from last year, encouraging speculation of further monetary policy adjustments by the Bank of Japan (BOJ). In summary, while Bitcoin experiences a pause in its rally, the overall sentiment remains optimistic, fueled by both gold's impressive performance and monetary trends in Japan.
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