Bitcoin once hit $70,000, driven by multiple positive factors; gold tokens rose, and the market focused on the Federal Reserve meeting minutes and regulatory developments.
Market risk appetite has rebounded significantly today. Bitcoin led the gains, driving the entire crypto market higher, with Ethereum and Solana both rising by more than 10%. The U.S. Treasury Department expanded bond repurchases to inject liquidity into the market, and the minutes of the Federal Reserve meeting showed that inflation is still a concern, but it did not change short-term easing expectations. At the same time, positive signals came from the regulatory level. The Trump administration promoted encryption legislation and the CFTC planned to introduce Hyperliquid to the United States. These news boosted market confidence. Gold coins also recorded gains, reflecting safe-haven demand and risk appetite. Overall, the market is in a bullish mood, but we need to be wary of high fluctuations.
The crypto market performed strongly, with Bitcoin rising 7.12% to $69,334.79 in 24 hours, once touching $70,000 for the first time since June. Ethereum rose 17.49% to $2,253.21, Solana rose 10.87% to $85.44, and other mainstream currencies generally rose. On the news, Trump promoted the CLARITY Act at a White House event and said that the CFTC was working hard to introduce Hyperliquid into the United States, which was seen as a regulatory-friendly signal. In addition, the U.S. Treasury Department expanded bond repurchases, improving the liquidity environment, and analysts believe that Bitcoin is expected to rise further. However, it should be noted that VanEck pointed out that the current bottom signal of Bitcoin has not yet been fully confirmed, and short-term fluctuations may increase.
Gold tokens XAUT and PAXG rose 3.74% and 3.72% respectively to $4,488.52 and $4,497.80, showing that investors' demand for gold as a safe haven remains strong. Although the minutes of the Federal Reserve meeting hinted at the possibility of raising interest rates, the market is more concerned about the risks of economic downturn, and gold is favored as a safe-haven asset. In addition, the U.S. Treasury’s bond repurchase program may drive down real interest rates, supporting gold. However, the risk to gold prices is that if inflation remains high and the Federal Reserve is forced to raise interest rates, it may boost the dollar and suppress gold prices. Overall, the short-term trend of gold is relatively strong, but we need to pay attention to the policy trends of the Federal Reserve.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
