Measured against U.S. money supply, gold is back at levels that marked major historical peaks, while bitcoin retraces toward a key cycle floor.

What to know:

  • Gold is challenging a resistance zone against the U.S. money supply that was last seen in 2011 and the early 1970s, and only broken decisively during the late 1970s surge.

  • Against the same measure, bitcoin, known to some as digital gold, is testing support near the April "tariff tantrum" low that also marks prior cycle high from March 2024.

#bitcoin

$BTC

BTC
BTC
87,967.5
+0.44%