Bitcoin closed higher in narrow trading, with market focus on Fed's September rate hike expectations; Gold rose on geopolitical tensions, but attention should be paid to token quotes.
Today's market risk appetite slightly improved, but macro uncertainties remain. Fed Chair Warsh's hawkish remarks strengthened expectations for a September rate hike, with US Treasury yields near 20-year highs pressuring risk assets. Geopolitically, the US strike on Iran lifted oil prices, but gold's reaction was muted. The cryptocurrency market performed steadily, with Bitcoin edging up and Ethereum gaining more. Institutional accumulation and regulatory progress provided support, but short-term volatility may increase.
Bitcoin latest price $78,581.3, up 1.18% in 24 hours; Ethereum up 2.14% to $2,467.64. Market focuses on Fed's September rate hike expectations, but Bitcoin was unaffected by geopolitical events, up 24% this month. Institutional activity is frequent: Strive bought 1,800 BTC, Metaplanet transferred holdings, BitMine accumulated ETH for 65 consecutive weeks, showing long-term confidence. On regulation, Ireland excludes crypto from tax-advantaged accounts, Japan plans to exempt trust-type stablecoins from tax filing, and Russian banks plan to offer crypto loans, showing regulatory divergence.
Gold token (XAUT) latest price $4,443.42, up 0.04%; PAXG slightly down 0.06% to $4,451.81. Despite the US strike on Iran, gold's safe-haven demand was not significantly triggered, and the price remained stable under pressure from a stronger dollar and rising rate expectations. Analysts focus on whether gold can hold key support levels, but current data only reflect token prices, which may have premiums or discounts relative to physical gold.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
