Gold tops $5,000 as BTC stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Good Morning, Asia. Here’s what’s making news in the markets:
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.
Gold’s breakout above $5,000 is beginning to look less like a spike and more like a regime shift, even as bitcoin drifts sideways, trading around $87,000 in the early hours of Hong Kong trading, in a low conviction market that continues to struggle with internal supply dynamics.
Onchain indicators suggest the divergence reflects market structure rather than sentiment alone.
In its latest report, CryptoQuant says bitcoin holders have started selling at a loss for the…
