Crypto Markets Today Gold Surges Past 4K as Bitcoin Rebounds BNB Chain Defies Market CoolOff

The dollar index’s recovery rally gathered steam early Wednesday, but that did not deter gold from climbing to new highs above $4,000.
Bitcoin, too, has recovered from Asian session lows near $121,000 to trade near $122,750 at press time. The cryptocurrency is still down 1.3% on a 24-hour basis. The CoinDesk 20 Index is down over 3% at 4,229 points. Gold tokens, XAUT and PAXG, trade higher, taking cues from the spot gold prices. Meanwhile, BNB, CAKE and HASH traded higher on a 24-hour basis.
Analysts retained bullish outlook. “The signal hasn’t changed: fade USD strength, stay long gold and BTC on dips, and brace for data-gap volatility,” Singapore-based QCP Capital, said in a market update.
By Omkar Godbole
By Oliver Knight