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Gold rises 1.5% on softer dollar and peace hopes, while Bitcoin falls amid ETF outflows and liquidations.

Market News
04 Jun 2026
Crypto Daily
View Source
Neutral
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In late May, gold prices rose 1.5% to $4,574 per ounce driven by a softer U.S. dollar and easing oil prices amid hopes for Middle East peace. Meanwhile, Bitcoin experienced significant institutional outflows from spot ETFs totaling about $733 million and a large $1.29 billion dark-pool trade of BlackRock’s IBIT shares, triggering a wave of liquidations of nearly $959 million in crypto derivatives, mostly long positions. This divergence highlights how gold benefits from currency moves and geopolitical shifts, while Bitcoin's short-term price is heavily influenced by ETF flows, derivatives leverage, and market liquidity. Investors should note that gold acts as a currency hedge and stable asset, whereas Bitcoin behaves as a higher-volatility macro asset sensitive to liquidity and institutional positioning.

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