Gold Skyrockets Past $4K, Bitcoin Looks South as Dollar Index Hits 2-Month

Gold Skyrockets Past $4K, Bitcoin Looks South as Dollar Index Hits 2-Month


Bitcoin BTC$111,480.33 and gold (XAU) have diverged over the past 24 hours, with BTC likely feeling pressure from a strengthening dollar index.

The leading cryptocurrency by market value has dropped 2.4% to $121,340, after failing to break through key resistance above $126,000 early this week, according to CoinDesk data. The Coindesk 20 Index has declined over 4% to 4,186 points.

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