Analyst: BTC, although lagging behind gold, is regaining its footing, and the dominance of the crypto market is rising.

Odaily News Analyst James Van Straten stated that the US dollar, which usually strengthens in a risk-averse environment, is currently weakening as capital flows into the yen and euro. In this new paradigm, alternative assets are taking center stage. Gold has surged to $3,500 per ounce for the first time, solidifying its status as a safe-haven asset. The rapid rise of gold is reflected in the fact that this year, gold’s market capitalization has increased by about $6 trillion, three times that of Bitcoin’s (BTC) all-time high market capitalization. However, although Bitcoin lags behind gold, it is also regaining its footing, with its dominance in the crypto assets market reaching new highs, beginning to diverge from US tech stocks. This Friday, $6.7 billion worth of Bitcoin options are set to expire, including $330 million in call options with a strike price of $100,000, which may see fluctuations in the last week of April. (CoinDesk)