Bitcoin Keeps Rallying on Bad News While Gold Gets Faded

Bitcoin vs gold has split sharply, with Bitcoin rallying through surging Treasury yields and a Fed rate hike while gold bounces keep getting sold. James Stanley, StoneX Media Senior Market Analyst, walks through the Bitcoin and gold charts behind the divergence. Rising Treasury yields and Federal Reserve rate hikes usually pull capital from non-yielding assets like Bitcoin and gold, and the failed CLARITY Act added a bearish crypto headline. Yet the Treasury buyback announcement had a far greater impact on Bitcoin, which printed a bullish engulfing candle, while gold formed a descending triangle. 0:00 Bitcoin Rises, Gold Gets Faded 1:13 Rate Hikes Test Bitcoin, Gold 2:20 Treasury Buyback Breaks Wedges 3:51 Gold Descending Triangle Forms 6:17 Bitcoin's Bullish Engulfing 8:43 Bitcoin Rallies Despite Yields 11:06 Price Knows What We Don't Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share Like and subscribe for more financial market insights. #StoneX #Bitcoin #Gold #JamesStanley