Gold’s Record Surge Spurs Safe-Haven Rotation Into Crypto
Gold prices catapulted to an unprecedented $4,640/oz amid political turbulence surrounding Federal Reserve Chair Jerome Powell. The DOJ's criminal probe into Powell's Senate testimony has ignited concerns about central bank independence, driving capital toward alternative stores of value.
This institutional uncertainty creates fertile ground for crypto adoption. Bitcoin and ethereum typically exhibit strong correlation with gold during macroeconomic instability, while memecoins like DOGE and SHIB often see retail-driven volatility spikes in such environments.
Exchange activity suggests bifurcated strategies: Binance and Coinbase institutional flows favor BTC/ETH, while Bybit and Bitget traders accumulate leverage on altcoins. The metals rally coincides with notable options volume for bitcoin ETFs, signaling sophisticated hedging strategies.