Crypto Rover expects Bitcoin to follow Gold’s Price Rase | Flash news details

On February 9, 2025, a noticeable increase in gold prices was observed, as Crypto Rover said on X (previously Twitter) at 14:35 UTC. Gold prices reached the highest level ever at $ 2,500 an ounce, a significant increase from the conclusion of the previous day of $ 2400 an ounce [Source: Crypto Rover, X post, February 9, 2025]. After this event, market analysts were closely monitoring the potential impact on bitcoin and other cryptocurrencies, given the historical connection between gold and bitcoin as safe waste origins. At 15:00 UTC, Bitcoin has seen a 2.5 % increase in value, up to $ 48,000, an increase of $ 46,800 at 14:00 UAE time [Source: CoinMarketCap, February 9, 2025]. This movement was accompanied [Source: CoinGecko, February 9, 2025]. In addition, ETHEREUM and other altcoins witnessed gains, with ETHEREUM rising by 1.8 % to $ 3200 from $ 3,140 in the same time frame [Source: CoinMarketCap, February 9, 2025]. The increase in gold prices increased interest in bitcoin, which is evident from the standards on the series that show an increase of 10 % in the active headlines on the Bitcoin network since the gold price announced [Source: Glassnode, February 9, 2025].

Trading effects to increase gold prices are important for encrypted currency markets. At 15:30 UTC, Bitcoin trading pairs via major stock exchanges such as Binance and Coinbase showed increased activity. The BTC/USDT pair on Binance has seen an increase to 50,000 BTC within an hour, up from 30,000 BTC, indicating a strong response to the movement of gold price [Source: Binance, February 9, 2025]. Likewise, the BTC/USD pair recorded on Coinbase volume of 10,000 BTC, an increase of 50 % over the average previous hour of 6667 BTC [Source: Coinbase, February 9, 2025]. Market morale indicators, such as the Crypto Fear & Greed index, have turned from 50 neutral to 55 ups. [Source: Alternative.me, February 9, 2025]. This shift in feelings is likely to affect trading strategies, as many traders may look forward to taking advantage of the bullish momentum in Bitcoin and other encrypted currencies. The relationship between gold and bitcoin has been further strengthened, with Person’s correlation coefficient increased to 0.65, up from 0.55 in the previous week [Source: TradingView, February 9, 2025].

Bitcoin’s technical analysis at 16:00 UTC reveals the outbreak of the resistance level of $ 4,7500, which was previously a large barrier. Bitcoin RSI index (RSI) has reached 70, indicating [Source: TradingView, February 9, 2025]. The difference of moving average rapprochement (MACD) showed a bullish intersection, which supports the upward trend [Source: TradingView, February 9, 2025]. The scales on the series provide additional visions, as the proportion of the Bitcoin network to transactions (NVT) has decreased to 30 out of 35 in the previous day, indicating that the volume of transactions for the network increases in relation to its market value, which is a sign of the increasing demand [Source: Glassnode, February 9, 2025]. The trading volume of the BTC/ETH pair on UISWAP increased by 20 % to 1500 BTC during the hour, indicating a shift in liquidity and interest towards Altcoins as well [Source: Uniswap, February 9, 2025]. These technical and objective indicators indicate that the market responds positively to the high price of gold, which may lead to more gains in bitcoin and other encrypted currencies.

Regarding the developments of artificial intelligence, the last announcement of a new trading platform driven by artificial intelligence, AI-Trader, 10:00 UTC on February 9, 2025, has sparked interest in the symbols related to the prosecution. The launch of the platform led to an increase of 5 % in the price of the artificial intelligence code, Fetch.ai (Fet), to $ 1.05 from $ 1.00 within an hour of the announcement [Source: CoinMarketCap, February 9, 2025]. This increase in Fet price has a direct relationship with the increase in trading volume [Source: Binance, February 9, 2025]. The impact of the trading platform driven by artificial intelligence on the market’s feelings is evident from the increasing attention of artificial intelligence, with the high Crypto Fear & Greed index of artificial intelligence symbols from 45 to 50 in the same period [Source: Alternative.me, February 9, 2025]. This development has also led to a positive relationship with the main encryption assets, as it becomes clear from a 1 % increase in Bitcoin after the AI-TRARADER announcement, indicating that the developments of artificial intelligence can affect the directions of the broader market. [Source: CoinMarketCap, February 9, 2025]. Possible trading opportunities in the artificial intelligence/encryption are important, as traders are likely to take advantage of the increasing liquidity and benefit in artificial intelligence symbols. In addition, changes to the trading volume has been monitored by artificial intelligence, with a 15 % increase in the trading volume of symbols related to the prosecution via the main stock exchanges since the AI-TRADER announcement [Source: CoinGecko, February 9, 2025]. These trends indicate an increased intersection between developments of artificial intelligence and the cryptocurrency market, which provides new opportunities for merchants.