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Bitcoin gains momentum above $70K as gold struggles amid U.S.-Iran war and rising inflation fears.

Market News
20 May 2026
FXEmpire
View Source
Neutral
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Following the U.S.-Iran war, gold and silver prices have fallen due to rising energy costs, inflation concerns, higher U.S. Treasury yields, and a stronger dollar, which reduce demand for precious metals. In contrast, Bitcoin has rebounded strongly from its long-term support zone between $50,000 and $60,000, gaining momentum above $70,000 thanks to improved liquidity and increased risk appetite. The Bitcoin-to-gold ratio indicates a market rotation away from gold towards Bitcoin, but Bitcoin must stay above $70,000 to maintain its bullish trend. If Bitcoin breaks below this level, it could drop back to $60,000, while gold may consolidate and potentially prepare for a future rally if it holds above $4,000. The evolving dynamics suggest Bitcoin is currently stronger than gold in this inflationary and high-yield environment, but risks remain from inflation and Treasury yields.

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