The post Stocks, Bitcoin, and gold within striking distance of ATHs, bullish breakout brewing? appeared on BitcoinEthereumNews.com.

The global digital assets market saw a marginal surge on Sunday morning to stand $3.31 trillion cap. This comes after witnessing a week of fluctuations. The rise in Bitcoin’s dominance, in a way, pressured altcoins to perform as retail investors are still absent. However, the stock markets and crypto remained nearly correlated.  The ongoing 90-day tariff pause between the US and China has markets within striking distance of their all-time highs. Meanwhile, Moody’s delivered a shock downgrade to the US credit rating from Aaa to Aa1. It cited soaring deficits and a mounting debt burden. S&P, BTC, gold near ATHs As per the data, S&P 500 is trading at a current price of $5,958 after setting its all-time high of $6,147 on February 19, 2025. It is only 3.27% away from its ATH. Gold is also trading around $3,200 per ounce, after posting its ATH of $3,509 on April 22, 2025. The precious metal is just 9% out from hitting its fresh ATH. A Goldman Sachs report stated that investors have been increasing their holdings of gold since March. It was driven by economic uncertainty, geopolitical risk, and a surprising surge in demand from central banks. But not all moves have made sense to investors. The recent 5% drop in gold prices, which mirrors a fall in equities, confused some investors. The analyst suggests that gold’s status as a haven asset hasn’t gone anywhere. As stocks sank, investors sold gold to raise cash for collateral, not because they lost faith in it. On the traditional market side, a bullish sentiment is spreading among investors. Almost 36% of individual investors have indicated a bullish stock market sentiment over the next 6 months in the latest AAII survey. That is the highest level of confidence since the last week of January. Bullish…

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Filed under: News - @ May 18, 2025 1:20 pm