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Bitcoin ETF dominates the market, gold approaches $5,000, ushering in the era of metal money
Bitcoin ETF records a $4 billion capital inflow, further strengthening its dominance in the current altcoin market. This movement has a significant impact on the overall allocation of funds in the cryptocurrency space, creating a situation where altcoin positions are relatively compressed.
Meanwhile, gold is currently trading at $4,480, approaching the key level of $5,000. According to data from Polymarket, the probability of reaching this target is assessed at 74%, indicating a bullish sentiment among market participants. The rate of increase since 2025 has reached 60–65%, primarily driven by worsening US fiscal balance and a sharp surge in gold demand by central banks worldwide. Both the precious metals market and the cryptocurrency market are showing a simultaneous rise of traditional assets and innovative assets.
Regarding Ethereum, there was a temporary upward movement due to large-scale ETH purchases by BitMine, but even with support from famous investor Tom Lee, it remains below $3,000. While Bitcoin’s bullish trend is leading the market, the second-largest cryptocurrency still seems somewhat lagging, highlighting a pronounced uneven distribution of capital flow across the overall market.