Analyst: BTC's dominant position in the cryptocurrency market is rising, although lagging behind gold, it is regaining its foothold

Odaily Planet Daily analyst James Van Straten said that the US dollar, which usually strengthens in a safe haven environment, is currently weakening as capital flows into the Japanese yen and euro. In this new landscape, alternative assets are occupying a central position. Gold surged to $3500 per ounce for the first time, consolidating its position as a safe haven asset. The rapid growth of gold is reflected in the fact that its market value has increased by approximately $6 trillion this year, which is three times the historical high level of Bitcoin (BTC) market value. However, although Bitcoin lags behind gold, it is also regaining its foothold, reaching a new high in dominance in the cryptocurrency market and beginning to diverge from US tech stocks. This Friday, Bitcoin options worth $6.7 billion are about to expire, including $330 million call options with an strike price of $100000, and there may be fluctuations in the last week of April. （CoinDesk）