Crypto
Bitcoin nears bottom against gold as bottom calls gain traction
Analysts say bitcoin may be nearing a market bottom as its value against gold approaches a low. Mercado Bitcoin research head Roni Suster said weakness versus gold could signal a bottom, with cycle analysis suggesting a February low and a rebound from March. Jan3 CEO Samson Mow said bitcoin is undervalued versus gold market value and global money supply. The view comes amid global uncertainty, rising gold prices and bitcoin ETF outflows, though large investors increased spot bitcoin ETF exposure in mid-February.
