Gold Shows Signs of Weakness as Bitcoin and Ethereum Surge
Jakarta, Pintu News – The overall crypto market led by Bitcoin and Ethereum is on the rise today. Bitcoin price rose about 3% in the last 24 hours and traded above $90,000 during the mid-day trading session in North America.
Ethereum price also broke through an important resistance level around $2,981 and is currently trading around $3,031. As a result, the total crypto market capitalization increased by 1.2% and stands at around $3.04 trillion at the time of this report.
So, why are Bitcoin and Ethereum prices rising today?
Fresh Demand from Institutional Investors after Massive Sell-Off in Recent Weeks
Demand for Bitcoin and Ethereum from institutional investors has picked up again in recent days. After a massive sell-off over the past few weeks, on-chain data shows that whales are starting to come back into the market.
Read also: Bitcoin Price Rises to $91,000 Today: Here’s BTC’s Technical Outlook!
For example, BlackRock’s crypto investment product IBIT recorded net fund inflows of over $130 million on Tuesday, partially making up for the large outflows that occurred last week.
In addition, analysis of blockchain data shows that a large investor withdrew 6,000 ETH (worth more than $17 million) from the Binance exchange on Wednesday, bringing his total holdings to nearly 74,000 ETH.
Technical Support Amid Negative Outlook for Gold
In terms of technical analysis, the price of BTC has been lagging behind the rest of the market so far this year.
Amidst widespread crypto adoption driven by regulatory clarity under President Donald Trump’s administration, crypto assets as a whole experienced major selling pressure during the year.
However, today’s Bitcoin-led price surge has reignited positive sentiment in the overall crypto market. With the weekly RSI indicator showing oversold conditions, the bullish momentum is expected to continue in the coming weeks.
This positive sentiment is also reinforced by the increasing likelihood of a trend reversal in the gold market. In recent weeks, gold prices have been forming a reversal pattern, as short-term investors have been taking profits, prompting capital rotation from gold to Bitcoin and other crypto assets.
Read also: Ethereum Price Rebounded to $3,000 Today: Tom Lee Predicts ETH Could Explode to $9K!
Possible Interest Rate Cut by the Fed and Quantitative Easing (QE) Program
The bullish outlook in the crypto market is also driven by expectations that the Federal Reserve will cut interest rates by 25 basis points in December, along with its upcoming quantitative easing (QE) plan.
In addition, the recent increase in global money supply also reinforces the positive outlook for the crypto market, although volatility is still high.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Bitcoin, Ethereum on the Rise as Gold Price Signals Midterm Weakness. Accessed on November 27, 2025
