Crypto Misses the Macro Trade as Retail Dives Into Gold, Stocks

Gold is topping $5,000. Stocks keep booming. The dollar is falling again. Yet Bitcoin — hailed as both a momentum and “debasement” trade — is sitting out the action. Its...

By Vildana Hajric, David Pan · Bloomberg Markets

Gold is topping $5,000. Stocks keep booming. The dollar is falling again. Yet Bitcoin — hailed as both a momentum and “debasement” trade — is sitting out the action. Its price is stalling, volumes are limp, and longtime believers are drifting toward more dependable markets like equities and precious metals.