Gold (XAU/USD) stabilizes above $3,850 on Friday, maintaining a steady tone through the European session after dipping to an intraday low near $3,838, as the US Dollar (USD) eases following its modest rebound a day earlier.
Bitcoin (BTC) would need to rise about 42% on a volatility-adjusted basis to match gold, with the debasement trade seen as a key driver of further upside, according to JPMorgan analysts.
POL price edges lower, trending against bullish odds in the broader cryptocurrency market on Thursday. Attempts to push beyond a short-term supply range between $0.2405 and $0.2438 hit a roadblock, increasing downside risks toward support at $0.2104.