Increased volatility in the cryptocurrency market, falling shares of AI companies and general tension in the political arena provoked investors to invest in more stable assets, such as gold.
In one day, gold prices increased by 0.6% to $2468 per ounce. Precious metals futures on the U.S. market also rose by 0.3% to $2,481.50. If this trend continues, gold has all the prospects to reach a maximum of $2,483.68 per ounce.
Against this backdrop, the BTC rate began to fall – prices fell by 0.65%, reaching $59,800. In view of this, the head of the research company Outlier Ventures, Jasper De Maere, said that the relevance of bitcoin as a reliable investment instrument may be shaken.