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Gold jumps 4.4%, adding $1.3 trillion in value, while Bitcoin lingers near $64,000 amid weak demand.

Market News
05 Aug 2026
CryptoTicker
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Neutral
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Gold surged 4.4% to about $4,257 per ounce, marking its strongest daily gain since February and adding roughly $1.3 trillion in market value due to falling US Treasury yields, a softer dollar, and easing Iran conflict tensions. Meanwhile, Bitcoin hovered near $64,000 with only modest gains, hindered by weak institutional demand, corporate selling, and regulatory uncertainty. This divergence highlights gold's strength as a safe haven amid improving macroeconomic conditions, while Bitcoin struggles without renewed crypto-specific catalysts. Going forward, Bitcoin needs to break above $65,000 to confirm a sustained recovery, with ETF flows and regulatory developments key to its outlook.

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