Analyst: BTC lags behind gold but is regaining its footing, crypto market dominance rises

Odaily News Analyst James Van Straten said the dollar, which typically strengthens in a risk-off environment, is also weakening as capital flows to the yen and the euro. In this new landscape, alternative assets are taking center stage. Gold surged to $3,500 an ounce for the first time, solidifying its status as a safe-haven asset. Gold's meteoric rise is reflected in the fact that its market value has increased by about $6 trillion this year, three times the all-time high of Bitcoin's (BTC) market value. However, although lagging behind gold, Bitcoin is also regaining its footing, reaching new highs in its dominance in the cryptocurrency market and beginning to diverge from U.S. technology stocks. This Friday, $6.7 billion worth of Bitcoin options are set to expire, including $330 million in call options with a strike price of $100,000, and volatility may occur in the last week of April. (CoinDesk)