😱 Breaking news! 🚀 Gold $XAU ‌ 4100! Bitcoin has reached 62,000! All altcoins are collapsing!

Brothers, today’s market makes my scalp tingle to the point of explosion 😅

Gold just broke below $4,100 per ounce, with a intraday drop of over 2%.

$BTC ‌ Just fell below 30k and rebounded

$ETH ‌ Dropped to 1,647,

$SOL ‌ Directly broke through $70.

This isn’t about a certain coin, it’s a global asset resonance downturn 📉

🔍 The core reasons are two:

1️⃣ The Fed’s rate hike expectations are rapidly heating up 🔥

Bank of America predicts the Fed will raise rates three times by 2026, totaling 75 basis points. The market expects a more than 70% chance of a rate hike in September. Gold doesn’t generate interest, and rate hikes mean the opportunity cost of holding gold skyrockets, naturally leading to capital outflows. Deutsche Bank even warns: if the Fed continues to raise rates, gold could fall to $3,800.

2️⃣ Progress in US-Iran negotiations 🤝

The US and Iran reached a 60-day framework agreement during their first round of talks in Switzerland, with the US temporarily lifting sanctions on Iranian oil. Oil prices plunged over 3%, and geopolitical safe-haven sentiment cooled.

Iranian president stated, “The effect depends on the commitment and implementation of commercial obligations,” indicating the situation is heading toward easing. Safe-haven assets are collectively under pressure.

📊 Let’s look at some mainstream coins:

BTC: From a high of 126k in February, it halved to around 60k for consolidation. This morning, it surged to 65,600 but quickly fell back, showing heavy selling pressure above. Currently oscillating between 62,000 and 65,000, if 62,000 can’t hold, it might really head to 60,000. The fear index is only 23, indicating extreme market panic.

ETH: Weaker than BTC, now at 1,653, down over 4% in 24 hours. Technically, 1,700 has broken support, with support below at 1,620. Its trend is entirely dependent on Bitcoin, and it’s even weaker than Bitcoin.

SOL: The worst performer, dropping from a high of $149 to less than $70 now, a decline of over 50%. SOL ETF demand is weak, and institutional funds are continuously flowing out. Although a whale bought the dip at 70.5 and sold at 72.6, earning $510k, whales only dare to do short-term trades, indicating no one dares to hold long-term.

💡 Sharing some personal thoughts:

Currently, the entire market is being pulled by two forces — geopolitical easing vs. rate hike expectations. The direction is consistent: downward.

The 62,000 level for Bitcoin is critical; if it holds, there might be a technical rebound, but if it doesn’t, 60,000 is just around the corner.

As for gold, if the US and Iran really reach an agreement + the Fed continues to hike rates, 4100 may not be the bottom.

📌 Remember: During panic, look at the market more, don’t let emotions drive you. Control your positions, keep some bullets ready.

What do you think? Do you dare to buy the dip at 62,000? Let’s chat in the comments 👇#Gate股票7x24小时交易