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AshiiPk
Gold is trading near $4,400, while $BTC remains around $64K.
Gold continues to benefit from softer labor data and reduced expectations for further rate hikes. Meanwhile, Bitcoin is being priced differently.
Even though BTC has sometimes moved alongside gold, its longer-term correlation remains inconsistent. For now, markets still treat BTC more like a high-volatility risk asset.
That makes tonight’s CPI report especially important. 👀
📉 Cool CPI → Lower rate-hike expectations → BTC could start catching up with gold.
📈 Hot CPI → Higher yields → BTC could face another downside test.
Gold has already picked its direction.
Now the question is whether Bitcoin follows. 🟡₿
$BTC #CPIToResetFedBets #AIInfraEarningsWatch #Gold4400HavenBid
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