$XAU Spot gold surged above $5,500 per ounce on January 29, up over 4% in a day, fueled by a weaker U.S. dollar, inflation worries, and central bank buying. Bitcoin traded around $88,000, down 1% with a $1.78 trillion market cap, despite tailwinds like Fed rate cuts and a pro-crypto president. The BTC-to-gold ratio hit near multi-year lows at 16 ounces, sparking debate: some see a buying opportunity for Bitcoin as digital gold, while others question if capital will flow from gold profits.#GoldOnTheRise
XAUUSDT
Perp
4,847.88
-3.10%
BTCUSDT
Perp
71,261.7
-3.27%
ETHUSDT
Perp
2,202.14
-4.71%