Cointime

Cointime

Download App
iOS & Android
Home / Point

Bitcoin Rises to Highest Level Since July, Taking Cues from Gold Amid Inflationary Regime Signals

Bitcoin (BTC) has been boosted by bullish signals from traditional rate-sensitive assets like gold, with the cryptocurrency reaching its highest value since July 15 at $30,797 during Monday's Asian trading hours. While gold has seen a 6.7% gain in the past month, BTC has risen by 14%.

The recent outbreak of tensions between Israel and Hamas, combined with speculation about the end of the Fed tightening cycle, has led to an inflationary regime, which has benefited both gold and BTC. The potential approval of an exchange-traded fund that tracks the spot price of bitcoin has also contributed to the recent rally, with options market makers increasingly short gamma as BTC spot price moves up, according to Alex Thorn, Head of Firmwide Research.

Bitcoin Bitcoin $67,840.04
+0.22%
Bitcoin
Comments

All Comments

Recommended for you

  • US Senator: It’s time for the President to understand the importance of Bitcoin to America’s future

    US Senator Cynthia Lummis said it is time for the President to understand the importance of Bitcoin for the future of the United States.

  • VanEck CEO: SEC ruling on Ethereum ETF could mark a historic shift in crypto investing

    Jan van Eck, CEO of VanEck, stated that the cryptocurrency market is undergoing a significant shift in sentiment, which is related to the rule change approved by the US Securities and Exchange Commission to allow Ethereum exchange-traded funds to be traded. Eck said that this is indeed one of the most surprising securities regulatory changes I have seen in my career. The US Securities and Exchange Commission may indeed lose jurisdiction over digital assets. Therefore, our first reaction is to approve the Ethereum ETF, but I think there is a bigger reason.

  • Cointime June 2 News Express

    1.U.S. Senator: Purchased 3 Bitcoin mining machines and started mining in Texas2.Kaiko: Korean AI token weekly trading share rose to 18.7% in May3.The total market value of stablecoins is 160.583 billion US dollars, and USDT accounts for 69.59% of the market 4.Coinbase has a net outflow of 40,406 BTC in the past two months, worth $2.7 billion5.A whale has transferred 149.9 billion PEPE from Binance again, worth $2.3 million6.Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop 7.The number of Bitcoin transactions on the chain reached 18.19 million in May, a record high8.The total open interest of BTC options on the entire network is $18.87 billion 9.Amber Group’s associated address deposited 2.96 million FRONT to Binance, worth $4.26 million10.US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May

  • Cointime June 1st News Express

    1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it

  • Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it

    According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was.

  • Polyhedra responds to Matter Labs: Do not implement monopoly in the name of community and industry development, and hope to withdraw the ZK trademark application

    Polyhedra Network has responded to a series of commitments previously made by Matter Labs regarding the ZK trademark on the X platform as follows:

  • Frax official X account has been stolen, please do not click any links

    Sam Kazemian, founder of Frax Finance, stated that the official Frax X account has been hacked. Users are advised not to click on any links.

  • British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office

    A court in London, UK, sentenced a British Chinese woman named Jian Wen to 6 years and 8 months in prison for assisting her employer in money laundering related to Bitcoin. The Financial Times reported that the UK's Crown Prosecution Service has initiated civil recovery proceedings in the High Court for the confiscated assets. If no one else claims ownership of the criminal assets, half will go to the UK police and half to the UK Home Office. Huang Feng, a professor at the G20 Anti-Corruption and Asset Recovery Research Center at Beijing Normal University, said that according to UK law, if a victim of the crime asserts a claim to the property, the UK court will suspend the civil recovery application made by UK law enforcement agencies to determine the ownership of the relevant property.

  • An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

    According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.

  • Cointime May 12 News Express

    1.The number of Bittensor subnets for the AI ​​project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company