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Hania razzaq
It still has to be BTC; the Bitcoin-to-gold ratio has reached 18.17, hitting a new high since January.
Both Bitcoin and gold are rising together. The core logic is that the market is betting the government will dilute debt through devaluation.
US Treasury Secretary Bessent himself said, "The world is flooded with debt, and the only way out is growth." Translated, this means—money is becoming less valuable, and hard assets are expensive.#AugPayrollsBeat #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC
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Today’s market buzz
1#The probability of a Fed rate hike in December drops to 70%, intensifying the divergence between bulls and bears
2#Tether and other stablecoin issuers have frozen over $1.567 billion USDT
3#US stock sell-off spillover, silver falls below $50
