Bitcoin Bullish Signals Emerge Against Gold and Dollar Amid Crypto Shorts
Bitcoin has shown bullish signals when measured against gold and the U.S. dollar, according to reports. The price of Bitcoin remains below $90,000, even as a whale initiated multimillion-dollar short positions in the crypto market. Meanwhile, gold is reportedly preparing to reach a new record high of $4,500. The development suggests a complex interplay between traditional assets like gold and cryptocurrencies like Bitcoin, as investors navigate market dynamics and macroeconomic factors.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.