I just noticed that the gold price has risen sharply today, above $5,500 per ounce. Interestingly enough: in one day, the value of gold has increased by about $1.6 trillion — roughly equal to the entire market capitalization of Bitcoin. It really feels like an extremely greedy phase for precious metals right now.

The interesting thing is how split the market is. Sentiment indicators for gold are screaming greed, while crypto investors are still in fear. Bitcoin itself behaves like a risky asset and is still around $73,980 — well below the October peak. Meanwhile, silver is also climbing and looks like pure positioning pressure. For many crypto fans, Bitcoin should function as digital gold, but so far cautious investors prefer physical metal over tokens.

Today’s gold price truly reflects a flight-to-safety movement. Investors want something tangible, which benefits traditional precious metals. Bitcoin will have to prove why it’s also a choice for store of value.

On another note: XRP is moving on strong volumes and whale accumulation, but remains in a broader downtrend. Rakuten is integrating XRP into its payment app for 44 million users, which is interesting, but real bullish confirmation is still missing.