Bitcoin and gold rally together as dollar weakens
Photo: The Currency Analytics
Community Trust Score Verified 87 % Real Verified 30 votes Updated 1 minute ago Bitcoin rebounded from approximately $75,600 on Nov. 4 to trade above $81,000, while gold futures surged 3.4% to $4,061.10. The move marked the biggest daily gain for gold futures in three months as investors reacted to the US election results. The simultaneous rise in Bitcoin and gold coincided with a weakening US dollar. Investors were digesting the Democrats’ sweeping victory in the US elections, which fueled speculation that market participants are seeking protection against a weakening currency.
Source: The Currency Analytics
