Gold and Bitcoin Markets Show Divergence
Gold surges while Bitcoin remains stagnant.
1Gold and Bitcoin Show Different Performances
This week, Bitcoin remained flat while gold had its best week since January. Gold mining stocks rose by 21.3%, and the S&P 500 reached its highest level since April. July inflation data coming in below expectations eased concerns about a rate hike in September.
2Gold Investors Are Optimistic
The rise in gold prices has increased investor interest in the metal. Analysts like Milton Berg argue that gold is in a long-term downtrend. However, China's increased gold purchases are seen as a hedge against global economic uncertainties.
3China's Gold Strategy
China's gold purchases are viewed not as a lack of confidence in the U.S. but as a precaution against risks in its own economic system. Martin Armstrong notes that China is preparing for a world where reserves can be frozen and payment systems weaponized.
4Bitcoin Bottom Signals
Despite stagnant Bitcoin prices, bottom signals are accumulating. According to Glassnode data, investors buying Bitcoin during weak periods have accumulated 4 million BTC, reaching bear-market-bottom levels. Technical indicators resemble late 2022 patterns.
5Changes in Crypto Projects
In 2026, many crypto projects either ended or pivoted. Bitcoin miners continue to shift to AI. For example, Keel (formerly Bitfarms) ended all Bitcoin mining operations.
6ETF Activity
BlackRock lowered the minimum for BTC exchanges for IBIT from $25 million to $1 million. On Tuesday, ARK, VanEck, and Fidelity sold, while BlackRock's clients bought more than the total sold by these firms. ETH institutional demand is 2.8 times daily issuance.
7Centralized vs. Decentralized Systems
Lorenzo Valente questions who captures the value created by crypto: decentralized systems or centralized companies? So far, centralized companies have led by controlling user relationships and eliminating the complexity of decentralized systems.
8Future Trends
Decentralized systems are improving user experiences to compete with centralized ones. Platforms like Hyperliquid and Solana are gaining attention for their performance. Projects that return value to token holders are generating real profits, unlike previous cycles.
Original article: Bitcoin News — Altın ve Bitcoin Piyasalarında Hareketlilik