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Will gold keep leaving digital gold in the dust?
Gold is the best-trending asset in financial markets. The shiny metal hasn’t traded below its 200-day moving average since November 2023, and currently sits about 25% above that level. Not the S&P 500, nor the Nasdaq 100, nor even Nvidia can boast nearly as long of a positive streak. And bitcoin, which has been called “digital gold,” certainly can’t either: in Q4, the crypto asset is behaving the opposite of gold, trading 20% below its 200-day moving average for the first time since Q4 2022. BitcoinBTC $87,172.24 (-1.94%) has traditionally been a phenomenal barometer for assessing speculative vibes, which ... (full story)