#GoldPriceRecordHigh

Gold Surges to $3,500 as Bitcoin Momentum Stalls, Ether Sees Whale Activity

The crypto markets remained relatively quiet yesterday following the North American holiday, but notable trends emerged: gold hit a record $3,500 per ounce, while Bitcoin (BTC) struggles to break key resistance, and Ether (ETH) sees increased whale activity.

Key Highlights:

Gold Breaks Records: Growing speculation around potential Fed interest-rate cuts, fiscal uncertainties, and political influence on monetary policy pushed gold to new highs. Gold-backed tokens like PAXG and XAUT mirrored this surge before taking a brief pause.

Bitcoin Faces Resistance: BTC bounced above $110,000 but remains below critical technical levels, including the Ichimoku cloud. On-chain metrics suggest subdued network activity, with active addresses dropping to 690,000 and transaction fees staying low. Transfer volumes, however, jumped to $10.8 billion, signaling repositioning by large holders rather than retail traders.

Whales Favor Ether: Over the past four days, a single whale address reportedly swapped 425 BTC (~$46.5M) for 10,500 ETH, highlighting a continued rotation from Bitcoin to Ether.

Market Insights: Indicators tracking short-term holder valuations suggest market conditions resembling prior bottoms, hinting at potential opportunities for savvy traders.

📈 Takeaway: While Bitcoin remains range-bound, Ether continues to attract institutional interest, and gold’s historic surge reminds investors of broader macroeconomic pressures impacting digital and traditional assets alike.