Gold Rebounds Amid Divergence with Crypto Assets

On February 4, Bloomberg reported a noticeable divergence between gold and crypto assets as global risk assets face pressure. According to BlockBeats, gold prices have rebounded to over $5,000 per ounce after falling from historical highs, with some investors buying the dip. Fidelity's fund indicated readiness to repurchase gold, suggesting that the market bubble has somewhat dissipated following its largest decline in forty years. In contrast, the crypto market continues to decline. Since January 29, the total market capitalization of crypto assets has decreased by approximately $467.6 billion, led by Bitcoin's downturn. Renowned investor Michael Burry warned that Bitcoin has dropped about 40% since its peak last October, and he does not rule out the possibility of a self-reinforcing "death spiral." Data shows that since the peak in October, the cumulative market value of crypto assets has evaporated by $1.7 trillion. Amid macroeconomic uncertainty and reduced risk appetite, funds are noticeably flowing back into traditional safe-haven assets like gold.