So close so far, that is the story of Bitcoin (BTC) this Friday morning, since its price rally has stagnated just before records in the middle of a continuous gold rally (Xau), an asset of traditional risk and cryptographic tokens associated with him.
BTC, the leading cryptocurrency for market value, changed its hands about $ 104,400 at the time of publication. Bitcoin prices are only 4.7% less that establish a new high life, according to Coindesk data.
The repetition of President Trump of the threat of rates seems to have cut the BTC wings. While some fear a sale of extended jumps before the next great upward wave develops, the action in the chain derivative market suggests otherwise.
“While some cryptographic leaders bet that BTC falls before gathering to $ 250k at the end of this year, the derive.xyz market is still skeptical. In fact, there is 9.7% chance that BTC falls below $ 75k Before March and 4.4 even less likely 4.4 % possibilities that more than $ 250K is balance COINDESK.
The flow and CME flows remain optimistic since the impulse seems to be building for BTC reserves at the state level in the US. , and the last increase in Tokyo inflation supports the upward case in the anti-risgo.
Gold hits high life
The gold rose to a record of $ 2,799 per ounce on early Friday, carrying the monthly gain to 6.5%. The maximum for life is produced when participants in the London bull The activity is driven by concerns about possible import tariffs, according to Reuters.
According to the founder of Blokland Smart Multi-Asset Fund, Jeroen Blokland, the Gold Rally to register maximums against the main fiduciary currencies suggests a degradation of foreign exchange. The intentional devaluation of paper money could also obtain the demand for alternative investments such as cryptocurrencies.
Tokens backed by gold are already taking strength from Xau’s price increase, although they continue to negotiate with a yellow metal discount. Tether Gold (Xaut) rose to its maximum for a life of $ 2,796 in early Bitfinex today, as shown by the commercial view data. Meanwhile, Paxg also made fun of a movement to register maximums greater than $ 2,800.
Tokyo inflation, Aud/JPy looks south
Consumer inflation in Tokyo, which tends to lead trends nationwide, accelerated slightly in January, according to government data. In particular, the central figure, which excludes the volatile food and energy component, increased 2.5% in January from the previous year, compared to the 2.4% increase seen in December.
The fastest annual increase is conducive to more rates increases from the Bank of Japan (BOJ) and the strength of YEN. Last week, the Central Bank increased the 0.5%policy rate, the highest in more than 16 years.
A potential increase in YEN could destabilize more risky assets, as seen in August last year. Aud/JPY, the RX market risk barometer, has diverted a consolidation pattern, hinting more losses and a broad risk ahead.
