Analyst: Bitcoin to gold exchange rate fell below the support level maintained for more than 12 years

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PANews
03-14
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PANews, March 14 news, according to Cointelegraph report, the current Bitcoin to gold exchange rate has broken below the 12-year upward trend line. Well-known analyst NorthStar said that if Bitcoin stays below the gold trend line for a week or even a month, this breakthrough may signal the end of Bitcoin's 12-year bull market. Gold has hit new highs, while the upward trend of Bitcoin has cooled. According to data from the World Gold Council, as of March 14, US spot gold ETFs have attracted over $6.48 billion in inflows so far this year. Meanwhile, US spot Bitcoin ETFs have seen nearly $1.46 billion in outflows so far this year. The driving force behind this divergence is the growing macroeconomic uncertainty and risk aversion, and Trump's aggressive trade policy has exacerbated this situation.

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