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Bitcoin’s correlation with gold has reached a six-year high, Bitcoin Magazine reports, as concerns over currency debasement and confidence in the U.S. dollar shape trading in both assets.
A stronger yen is contributing to broad U.S. dollar weakness and a lower Dollar Index, a backdrop that is currently supporting bitcoin and gold, CoinDesk reports.
Bitcoin is nearing a golden cross, but the technical signal has a mixed record in crypto markets. CoinDesk reports that support from Tether’s USDT could make the current bullish setup more meaningful.
A 21-bank consortium including Goldman Sachs and Bank of America plans to launch a U.S. dollar stablecoin in the first half of 2027, with a euro version planned afterward, Decrypt reports.
HashKey has joined the DTCC’s tokenization innovation working group as its first Asian crypto service provider. The group includes more than 100 financial institutions, including Goldman Sachs and JPMorgan.
Bitcoin, gold and stocks fell as some observers argued that a Federal Reserve rate increase would be a mistake. CoinDesk’s Sept. 2 briefing highlighted the monetary-policy concern across related markets.
Spot XRP funds have attracted $170 million across 11 consecutive sessions. Second-quarter filings list Goldman Sachs, Jane Street and Millennium among the largest professional holders, with Goldman at the top of the cited institutional group.
Bitcoin traded choppily but held up as oil near $90 and rising bond yields pressured stocks and gold. Gold slid, while a firm dollar remained a headwind for the cryptocurrency.
Bank of America, Citigroup and Goldman Sachs are among 21 institutions planning a stablecoin venture. The project will start with a US dollar stablecoin before expanding to other G7 currencies, with the euro next.
Citi, Goldman Sachs and other global banks and asset managers are teaming up on a stablecoin venture. The project will begin with a U.S. dollar token for payments and digital-asset settlement, with a euro token planned for expansion.
Bitcoin held just below $78,000 as August ended, while CoinDesk said dollar strength was capping crypto gains and pushing the yen past its intervention line. Ether was highlighted for forming a bullish golden cross.
Real Trump Coins denied authorizing GOLD or any other digital token, while questions persisted over its X account, related domains and the token’s concentrated supply. The company blamed “bad actors,” according to Cointelegraph.
A BPI study cited by CoinDesk suggests everyday Americans may respond more to bitcoin’s personal-control and micro-investing features than to broader “digital gold” or world-changing narratives.
CoinDesk says Bitcoin is outperforming stocks while correlating more closely with gold. The Aug. 28 market note highlights BTC’s changing cross-asset behavior, with spot gold as the key comparison.
Bitcoin briefly touched $81,455, its highest level since May 15, before pulling back as altcoins consolidated. The move coincided with weaker Nasdaq futures and further gains in gold ahead of the weekend.
Warsh’s Jackson Hole speech could influence expectations for Fed support of Treasury buybacks, with potential implications for bitcoin, gold and long-term Treasury yields, CoinDesk reports.
Binance founder Changpeng Zhao said Bitcoin could overtake gold in the next bull run, while noting that gold is currently worth about 10 times more. He also described any national shift toward Bitcoin as a years-long process.
Bitcoin fell below $78,000 after July US PCE inflation data exceeded expectations slightly. Stocks and gold also declined, while the cryptocurrency stayed below the $80,000 mark.
