spot gold continues to rise, and intraday it refreshed its historical high to $2,722 per ounce. 

analyst Bob Loukas stated in an X post that gold mining stocks have risen 70% this year and have finally begun to outperform gold, just like in a confirmed bull market. However, they are still below the high point of 2020. It will be very unstable, but they still have a lot of room for growth.

On August 17th, spot gold continues to rise and refreshes a record high of $2506.24 per ounce, with a daily increase of more than 2%.

Bitcoin's volatility has decreased significantly in recent years, but it still remains higher than that of gold. Bloomberg's senior macro strategist, Mike McGlone, believes that Bitcoin's volatility has more room to decrease, making it less risky. However, this decline in volatility may also mean that Bitcoin is unlikely to experience sudden price jumps or reach all-time highs. Despite this, Bitcoin is gaining more adoption in traditional finance, with BlackRock's spot Bitcoin ETF filing being a recent example.

The price of Bitcoin is currently hovering around $29K and there is speculation about what it will take to push it past $30K. Despite this, there are new developments in the crypto world and DeFi is still relevant. The article also includes CSS code for a responsive widget container and media queries for different screen sizes.

The decreasing correlation between Bitcoin and gold indicates that Bitcoin is still far from becoming a store of value comparable to digital gold. The correlation between gold and Bitcoin fell to its lowest level since November, causing a meltdown in the crypto markets.

Recent research shows that central banks worldwide are buying gold to stay ahead of inflation, with 85 sovereign wealth funds and 57 central banks collectively managing $21 trillion. While gold has long been considered a store of value and inflation hedge, Bitcoin has outperformed it this year. In 2022, central banks made record gold purchases with net acquisitions of 1,136 tonnes, with China and Turkey being the most aggressive buyers.

June 29 (Cointime) - The Australian Securities Exchange (ASX) is unlikely to directly list cryptocurrencies due to challenges in meeting listing rules, but may consider listing tokenized real-world assets such as gold. The ASX is open to the idea of having a tokenized product listed on its exchange. The ASX is the 16th largest stock exchange in the world by market capitalization and accounted for nearly 82% of the total dollar turnover in local equity market products in Q1 2023. ASX's CIO and group executive of technology and data, Dan Chesterman, reiterated that the decision to pause the blockchain-based upgrade of its clearing and settlements system was not a rejection of blockchain technology.

June 27 (Cointime) - Bitcoin has maintained the $30,300 resistance for the past three days, while gold reached its lowest level in three months. The recent price rally of Bitcoin has been attributed to BlackRock's spot Bitcoin exchange-traded fund (ETF) filing, as well as the ProShares Bitcoin Strategy ETF experiencing its largest weekly inflow in a year.

Bitcoin has reached its lowest price point since mid-March, but it has still maintained its store of value properties and has outperformed gold by a significant margin this year.