1. Gold Hits New Highs: Risk Aversion Intensifies
The global market's focus has once again shifted to "hard assets"—gold.
As of today, the price of gold has surpassed $4200, reaching a peak of $4380, with a two-month increase of over 20%, setting a new historical high. The market generally expects that the $5000 mark may be breached by the end of this year.
The forces driving up gold prices come from multiple factors:
- Central Banks Hoarding Gold: Many central banks, including China, have net purchased over 1000 tons of gold for four consecutive years;
- Accumulating Risks in U.S. Debt: The scale of U.S. debt is approaching $37.5 trillion, with interest payments alone exceeding $1 trillion;
- Shortage of Physical Gold: The futures delivery cycle has lengthened, and spot premiums continue to widen;
- Geopolitical and Economic Uncertainty: U.S.-China tensions, a global interest rate cut cycle, and concerns over an AI bubble have led investors to prefer holding "visible assets."
![Gold Hits $5000, Bitcoin's Safe-Haven Logic Reassessed? Bitget Launches "Gold Blind Box Season," Everyone Wins!aicoinImage1](https://static.aicoinstorge.com/article/20251021/176101475169515.png "Gold Hits $5000, Bitcoin's Safe-Haven Logic Reassessed? Bitget Launches "Gold Blind Box Season," Everyone Wins!aicoinImage1")
2. Crypto Market: Bitcoin Falls Over 25% Against Gold, Digital Gold Narrative Cools
In stark contrast to gold's performance, Bitcoin has fallen over 25% against gold since the beginning of the year.
Although BTC has long been regarded as "digital gold," market data indicates that its safe-haven status is being reevaluated. Analysts believe that Bitcoin's current volatility and the high holdings by U.S. institutions (with miners accounting for about 38% of hash power and institutional holdings around 15%) create a strong binding to the U.S. dollar system, which diminishes Bitcoin's appeal as a "de-dollarization" tool. However, within the crypto community, funds are beginning to concentrate back into Bitcoin.
As risk-averse capital flows back, Bitcoin's total market cap dominance (BTC Dominance) continues to rise, and market liquidity is gravitating towards leading assets.
![Gold Hits $5000, Bitcoin's Safe-Haven Logic Reassessed? Bitget Launches "Gold Blind Box Season," Everyone Wins!aicoinImage2](https://static.aicoinstorge.com/article/20251021/176101475813748.png "Gold Hits $5000, Bitcoin's Safe-Haven Logic Reassessed? Bitget Launches "Gold Blind Box Season," Everyone Wins!aicoinImage2")
3. From "Gold Fever" to "Crypto Craze": Bitget Launches Gold Blind Box Activity
As gold continues to reach new highs, Bitget has launched a new activity—Newcomer Bounty Season: Gold Blind Box with No Empty Prizes!
This activity is inspired by the "gold fever," combining the concept of safe-haven assets with trading incentives, allowing users to "touch gold" while trading.
Highlights of the Activity:
🎁 100% chance of winning with each box opening
💰 Prizes include: Chow Tai Fook 10g gold bars, Chow Tai Sheng gourd necklaces approximately 5g, 1g gold banknotes, and a large number of token rewards (minimum reward of 10U)
📆 Activity Period: October 20—October 27
📈 The higher the contract trading volume, the more blind box chances:
- Starting from 5,000U, you can get 1 lottery chance
- Accumulating 3,000,000U can earn up to 10 lottery chances
- Each additional lottery chance increases the probability of winning gold bars!
As gold breaks new highs and global risk aversion intensifies, Bitget allows users to "draw gold" in a fun blind box format, making trading more engaging and adding excitement and anticipation to the market.
👉🏻 Participation Link:
https://www.bitget.com/zh-CN/events/activities/new/fa9b35decd265e3c89738e353a948814?vipCode=hktb3191
![Gold Hits $5000, Bitcoin's Safe-Haven Logic Reassessed? Bitget Launches "Gold Blind Box Season," Everyone Wins!aicoinImage3](https://static.aicoinstorge.com/article/20251021/176101475935420.png "Gold Hits $5000, Bitcoin's Safe-Haven Logic Reassessed? Bitget Launches "Gold Blind Box Season," Everyone Wins!aicoinImage3")
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