Matrixport analyzes the reasons for the strength of gold and the pressure on Bitcoin

Matrixport has released chart analysis indicating that gold prices continue to rise, mainly due to growing concerns in the market about the weakening purchasing power of the US dollar. Trump's push to impose tariffs on Europe has put pressure on the US dollar, while discussions about overseas central banks reducing their holdings of US bonds and increasing their gold and foreign exchange reserves have increased. Analysis suggests that central banks around the world continue to increase their holdings of gold, with particular attention paid to the pace of China's central bank's increase, providing sustained support for gold prices. In contrast, Bitcoin has not yet been widely included in the central bank reserve framework, and gold remains a mainstream asset that is more in line with the existing reserve management system. This divergence in central bank asset allocation may explain the recent strong performance of gold and the relatively weak performance of Bitcoin.