{"id":22536,"date":"2025-04-17T11:32:04","date_gmt":"2025-04-17T11:32:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22536"},"modified":"2025-04-17T11:32:04","modified_gmt":"2025-04-17T11:32:04","slug":"performance-of-hard-assets-bitcoin-and-gold-remains-remarkable-glassnode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22536","title":{"rendered":"Performance of Hard Assets Bitcoin and Gold \u2018Remains Remarkable:\u2019 Glassnode"},"content":{"rendered":"<div>\n<p>The macroeconomic environment remains uncertain as global trade relations realign, reported onchain analytics firm Glassnode on April 16.<\/p>\n<p>However, it added that \u201cthe performance of hard assets remains remarkable,\u201d citing gold\u2019s all-time high and Bitcoin holding above $80,000 despite the <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-erases-daily-gains-as-fed-chair-powell-highlights-tariff-risks\/\" data-wpel-link=\"internal\">headwinds<\/a>.<\/p>\n<blockquote>\n<p>\u201cOne could consider this a fascinating signal as the foundations of the financial system enter a period of transition and change,\u201d the analysts <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-15-2025\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">noted<\/a>.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The macroeconomic environment remains uncertain as global trade relations realign. Still, the performance of hard assets remains remarkable, with gold surging to new ATH of $3300 and <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> holding above $80k. Discover more in the latest Week On-Chain:<a href=\"https:\/\/t.co\/FWiMuimRUk\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/FWiMuimRUk<\/a> <a href=\"https:\/\/t.co\/W4136o3dgx\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/W4136o3dgx<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1912601214468104441?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Gold at ATH<\/h2>\n<p>Volatile US Treasury yields swinging from 3.7% to 4.5% have created major turbulence in financial markets, affecting both bonds and equities. The MOVE and VIX indexes reflect this high volatility.<\/p>\n<p>The former measures expected volatility in the US bond market, while the latter measures expected volatility in the US stock market. Both reflect market stress; when they spike, investors are nervous.<\/p>\n<p>Bitcoin has seen its largest drawdown of this cycle at around 32%, but this remains milder than in past cycles, indicating stronger <a href=\"https:\/\/cryptopotato.com\/bitcoin-whales-have-been-buying-like-never-before-analyst\/\" data-wpel-link=\"internal\">investor confidence<\/a> and demand resilience, it noted.<\/p>\n<p>Glassnode reported that the median drawdown for the current cycle is \u201cconsiderably shallower\u201d than all previous cases. Additionally, corrections since 2023 have been shallower and more controlled in nature, \u201csuggesting a more resilient demand profile, and that many Bitcoin investors are more willing to hodl through market turmoil.\u201d<\/p>\n<p>It noted that currently, profit and loss-taking activities are \u201crelatively balanced,\u201d which results in a relatively neutral rate of capital inflow, which could lead to extended consolidation.<\/p>\n<p>Meanwhile, gold prices hit an <a href=\"https:\/\/goldprice.org\/gold-price-chart.html\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">all-time high<\/a> of $3,354 per ounce on April 16, having gained a whopping 26% since the beginning of this year as investors flee to safe-haven assets.<\/p>\n<blockquote>\n<p>\u201cAs the world adjusts to changing trade relationships, Gold and Bitcoin are increasingly entering the centre stage as global neutral reserve assets.\u201d<\/p>\n<\/blockquote>\n<h2>Bitcoin Price Outlook<\/h2>\n<p><a href=\"https:\/\/cryptopotato.com\/bitcoin-dominance-at-60-why-this-time-its-way-more-impactful-than-in-2021\/\" data-wpel-link=\"internal\">Bitcoin<\/a> hit an intraday high of $85,300 on Wednesday but has fallen back since to trade at around $84,340 during the Thursday morning Asian session.<\/p>\n<p>The asset has been very tightly range-bound at this price level for the past five days and trading within a wider channel since the beginning of March.<\/p>\n<p>The three-month downtrend is still intact, but it is shallowing out, which could lead to a longer period of consolidation before any breakout.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a><\/p>\n<p>Holding up better than stocks, for now.<\/p>\n<p>If equities keep nuking I expect BTC to do what it does best which is catch up and then overperform to the downside. <a href=\"https:\/\/t.co\/x9EYsKUAoV\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/x9EYsKUAoV<\/a><\/p>\n<p>\u2014 Mayne (@Tradermayne) <a href=\"https:\/\/twitter.com\/Tradermayne\/status\/1912587756305567889?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/performance-of-hard-assets-bitcoin-and-gold-remains-remarkable-glassnode\/\" rel=\"nofollow\">Performance of Hard Assets Bitcoin and Gold \u2018Remains Remarkable:\u2019 Glassnode<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The macroeconomic environment remains uncertain as global trade relations realign, reported onchain analytics firm Glassnode on April 16. However, it added that \u201cthe performance of hard assets remains remarkable,\u201d citing gold\u2019s all-time high and Bitcoin holding above $80,000 despite the headwinds. \u201cOne could consider this a fascinating signal as the foundations of the financial system [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22536","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22536"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22536\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}