Analysis: Rising Gold Prices and Overvalued Stocks May Prompt Investors to Rebalance Funds into Cryptocurrencies

According to an analysis by IG, rising gold prices and overvalued stocks may prompt investors to rebalance portfolio funds into cryptocurrencies, potentially triggering a new round of gains. Progress in UK regulation also provides support for cryptocurrencies. Bitcoin rose 1.4% to $87,680, while Ethereum gained 2.9% to $2,901.