Gold breaks through US$4,000, Bitcoin retracts short-term but looks good in the market outlook "
Online reported that gold exceeded the US$4,000 per ounce mark for the first time, while Bitcoin prices fell, mainly due to profit-taking after the crypto market surged 7.7% in less than a week. Despite this, institutional interest in Bitcoin remains strong. Last week, the net inflow of spot Bitcoin ETFs in the United States exceeded US$3 billion, and the total net inflow exceeded US$60 billion. Linh Tran, market analyst at XS.com, said that Bitcoin is basically facing a good market in the short term. If the Federal Reserve sends a signal to cut interest rates, Bitcoin is expected to expand new price space in the fourth quarter. (Jin Shi)
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