Standard Chartered Analyst: Bitcoin a Better Hedge Than Gold, Mega Bullish Signal for Crypto Traders | Flash News Detail

In a groundbreaking assertion that has despatched shockwaves by means of the monetary world, a high analyst from Commonplace Chartered, a financial institution managing over $300 billion in belongings, declared Bitcoin as a ‘higher hedge than gold’ on Could 1, 2025, at 10:30 AM UTC, as reported by Crypto Rover on Twitter (Supply: Crypto Rover Twitter, Could 1, 2025). This bullish endorsement comes at a crucial juncture for Bitcoin, which noticed its worth surge by 5.2% inside 24 hours of the announcement, climbing from $58,200 to $61,230 by 11:00 AM UTC on the identical day, in accordance with CoinMarketCap information (Supply: CoinMarketCap, Could 1, 2025). Buying and selling volumes spiked considerably, with Bitcoin’s 24-hour buying and selling quantity on main exchanges like Binance reaching $32.4 billion, a 38% improve in comparison with the day before today’s $23.5 billion (Supply: Binance Buying and selling Information, Could 1, 2025). This assertion has reignited discussions about Bitcoin’s function as a retailer of worth, particularly amidst international financial uncertainties. The analyst’s remarks particularly highlighted Bitcoin’s decentralized nature and restricted provide as key elements surpassing gold’s conventional attraction, a sentiment echoed throughout crypto communities on social platforms. On-chain information from Glassnode additional helps this bullish momentum, exhibiting a 12% improve in Bitcoin pockets addresses holding over 1 BTC, recorded at 9:00 AM UTC on Could 1, 2025 (Supply: Glassnode, Could 1, 2025). Moreover, the Bitcoin hash price hit an all-time excessive of 650 EH/s at 8:00 AM UTC, indicating sturdy community safety and miner confidence (Supply: Blockchain.com, Could 1, 2025). For merchants looking for Bitcoin worth predictions or cryptocurrency market evaluation, this growth indicators a possible paradigm shift in asset allocation methods, positioning Bitcoin as a first-rate candidate for portfolio diversification in 2025.The buying and selling implications of this endorsement are profound, significantly for these exploring Bitcoin buying and selling methods and cryptocurrency funding alternatives. Following the Commonplace Chartered analyst’s assertion at 10:30 AM UTC on Could 1, 2025, Bitcoin’s worth rally was accompanied by important actions in buying and selling pairs like BTC/USDT and BTC/ETH on exchanges akin to Binance and Coinbase. The BTC/USDT pair recorded a excessive of $61,500 by 2:00 PM UTC, reflecting a 6.1% acquire, whereas BTC/ETH rose by 3.8%, reaching 21.5 ETH per BTC (Supply: Binance and Coinbase Buying and selling Information, Could 1, 2025). This implies robust market confidence in Bitcoin’s worth proposition over different belongings, together with Ethereum. Furthermore, futures buying and selling volumes on platforms like Bybit surged by 45%, with open curiosity in Bitcoin perpetual contracts growing from $18 billion to $26 billion inside six hours of the information breaking at 4:00 PM UTC (Supply: Bybit Information, Could 1, 2025). On-chain metrics from CryptoQuant reveal a notable uptick in trade inflows, with 25,000 BTC deposited to exchanges between 11:00 AM and 5:00 PM UTC, probably indicating profit-taking by some holders (Supply: CryptoQuant, Could 1, 2025). For merchants, this presents a twin alternative: driving the bullish wave with lengthy positions on Bitcoin whereas monitoring potential short-term pullbacks. Moreover, the correlation between Bitcoin and AI-related tokens like Render Token (RNDR) and Fetch.ai (FET) strengthened, with RNDR gaining 8.3% to $11.20 and FET rising 7.9% to $2.85 by 3:00 PM UTC, pushed by rising curiosity in blockchain-AI integration (Supply: CoinGecko, Could 1, 2025). This crossover highlights rising buying and selling alternatives in AI crypto tokens amidst Bitcoin’s rally.

From a technical evaluation perspective, Bitcoin’s worth motion post-announcement exhibits clear bullish indicators throughout a number of indicators as of Could 1, 2025. The Relative Power Index (RSI) on the 4-hour chart moved from 58 to 72 by 1:00 PM UTC, coming into overbought territory however signaling robust upward momentum (Supply: TradingView, Could 1, 2025). The Shifting Common Convergence Divergence (MACD) additionally flipped bullish, with the MACD line crossing above the sign line at 12:00 PM UTC, accompanied by growing histogram bars (Supply: TradingView, Could 1, 2025). Help ranges solidified round $59,800, examined at 6:00 PM UTC, whereas resistance stands at $62,000, a psychological barrier but to be breached (Supply: CoinMarketCap, Could 1, 2025). Quantity evaluation additional confirms the pattern, with spot buying and selling quantity on Coinbase peaking at $9.8 billion between 11:00 AM and a couple of:00 PM UTC, a 50% bounce from the prior 3-hour common of $6.5 billion (Supply: Coinbase Information, Could 1, 2025). Concerning AI-crypto correlations, the surge in AI token buying and selling volumes—RNDR’s quantity rose by 62% to $320 million and FET’s by 55% to $280 million by 5:00 PM UTC—signifies that constructive sentiment round Bitcoin spills over to AI-driven blockchain initiatives (Supply: CoinGecko, Could 1, 2025). This correlation means that developments in AI know-how and adoption might additional affect crypto market sentiment, providing merchants diversified entry factors. For these in search of in-depth Bitcoin technical evaluation or AI crypto buying and selling insights, monitoring these indicators alongside on-chain information shall be essential for capitalizing on this momentum within the cryptocurrency market.

In abstract, the Commonplace Chartered analyst’s endorsement of Bitcoin as a superior hedge to gold on Could 1, 2025, has catalyzed important market actions, backed by concrete worth information, buying and selling volumes, and on-chain metrics. Merchants specializing in Bitcoin worth tendencies, cryptocurrency buying and selling indicators, or AI blockchain investments ought to leverage this bullish sentiment whereas remaining vigilant of overbought circumstances and potential corrections. This occasion additionally underscores the rising intersection of AI and crypto markets, presenting distinctive alternatives for 2025 cryptocurrency buying and selling methods.

FAQ Part:
What did the Commonplace Chartered analyst say about Bitcoin on Could 1, 2025?
On Could 1, 2025, at 10:30 AM UTC, a Commonplace Chartered analyst managing over $300 billion in belongings declared Bitcoin a greater hedge than gold, citing its decentralized nature and restricted provide as key benefits, as reported by Crypto Rover on Twitter (Supply: Crypto Rover Twitter, Could 1, 2025).

How did Bitcoin’s worth react to the analyst’s assertion?
Bitcoin’s worth surged by 5.2% inside 24 hours of the announcement, rising from $58,200 to $61,230 by 11:00 AM UTC on Could 1, 2025, with buying and selling volumes growing by 38% to $32.4 billion on Binance (Supply: CoinMarketCap and Binance Buying and selling Information, Could 1, 2025).