Gold Peaks on Chinese Demand While Bitcoin Stalls at $64K

Gold surged to a six‑week high on booming Chinese demand, while Bitcoin remained stuck around $64,000.

China's Gold Buying Surge

■14 consecutive days of net inflows into domestic Chinese gold ETFs.

■The People's Bank of China purchased 82 tonnes of gold over the past 20 months, bolstering market sentiment.

■Year‑to‑date inflows reached 40 billion yuan (≈ $5.6 billion), the second‑best H1 performance on record.

Bitcoin's Stagnant Momentum and Market Imbalance

■BTC/USD is wedged at $64,000 on the 1‑hour chart.

■According to Cointelegraph/TradingView data, Bitcoin posted 0% price change while gold jumped 2.8%.

■CryptoQuant flags three conditions for a durable rebound: sustained US spot Bitcoin ETF inflows, a cooling of US bond yields, and the absence of further Fed rate hikes.

U.S. Equities: S&P 500's Record High and Pullback

■The S&P 500 touched a record 7,793 before easing back.

■Bloomberg analyst Eric Balchunas noted 66% of S&P 500 constituents are trading above their 50‑day moving average.

■57% of stocks are outperforming the index’s standard benchmark tracker.

Technical Readings and Near‑Term Support Zones

■Analyst Rekt Capital warns that if the “orange support” proves weak, price could slip into the $58,000‑$66,000 range.

■The Coinbase Premium spread has stayed negative for 80 days, eroding arbitrage opportunities.

■Gold price: $4,213/oz (six‑week high)

■Bitcoin price: $64,000 (flat)

■S&P 500: 7,793 (record, then pullback)

■China ETF inflows: 40 billion yuan (≈ $5.6 billion)

While strong Chinese demand lifts gold, Bitcoin’s inertia keeps risk‑averse investors on the sidelines. If short‑term support levels break, the $58,000‑$66,000 band will become a pivotal test for crypto’s price recovery. Simultaneously, the direction of US bond yields and Fed policy will act as a balancing lever between precious metals and digital assets.