Bitcoin Reclaims Spotlight While Gold Loses Luster: The Safe Haven Standoff Continues
Posted On April 23, 2025
Bitcoin (CRYPTO: BTC) is stealing gold’s thunder this week.
After soaring more than 6% in 24 hours, Bitcoin reclaimed the $94,000 level. The lift was driven by a renewed “digital gold” narrative, courtesy of what Unity Wallet’s James Toledano calls “renewed institutional enthusiasm.”
Another catalyst was a monster $912 million inflow into U.S. spot Bitcoin ETFs on Tuesday — the biggest in three months.
While some chalk the rally up to macro calm — including a weaker dollar and tariff de-escalation from President Donald Trump — Toledano flags that Bitcoin is also riding a “surge in safe-haven investing in both gold and bitcoin concurrently.” Yet, he adds a warning label: “We shouldn’t get too excited… the surge is short-lived” if …
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