---
title: "Bitcoin and Gold Experience a Rally on Monday"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-04-08T09:48:47+00:00"
modified: "2024-04-08T09:48:47+00:00"
date: 2024-04-08
canonical: "https://www.share-talk.com/bitcoin-and-gold-experience-a-rally-on-monday/"
category: "Blogs"
categories: ["Blogs", "Fintech", "Technology", "Technology, Media & Telecoms"]
tags: ["Binance", "Bitcoin", "BNB", "BTC", "cryptocurrency", "DOGE", "Dogecoin", "Elon Musk", "ETFs", "ETH", "Ethereum", "Litecoin", "LTC", "Ripple", "Sam Bankman-Fried", "SEC", "SOL", "Solana", "TSLA", "US Securities and Exchange Commission", "USA", "XRP"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/BTC-22_12_23.jpg?fit=1200%2C800&ssl=1"
format: "news"
language: "en-GB"
---

# Bitcoin and Gold Experience a Rally on Monday

**Published:** April 8, 2024
**Author:** sharetalk
**Categories:** Blogs, Fintech, Technology, Technology, Media & Telecoms
**Tags:** Binance, Bitcoin, BNB, BTC, cryptocurrency, DOGE, Dogecoin, Elon Musk, ETFs, ETH, Ethereum, Litecoin, LTC, Ripple, Sam Bankman-Fried, SEC, SOL, Solana, TSLA, US Securities and Exchange Commission, USA, XRP
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/BTC-22_12_23.jpg?fit=1200%2C800&ssl=1)

---

The digital counterpart of gold, Bitcoin (BTC), paralleled the [rally of physical gold this Monday](https://www.share-talk.com/gold-prices-skyrocketed-to-a-record-high-of-2372-45-per-ounce/). While it hasn’t reached a new all-time high like its tangible counterpart, Bitcoin witnessed a significant increase.

As the UK markets opened, Bitcoin’s value surged by 2.8%, pushing its price over $71,350 at the time this was written.

Should the current trend continue, the BTC/USD pair is on track to exceed its two-week high, potentially challenging the all-time high (ATH) of $73,777 recorded in mid-March.

[!\[\](https://www.share-talk.com/wp-content/uploads/2024/01/BTC-15-JAN-2024-300x200.jpg)](https://www.share-talk.com/understanding-bitcoin-halving-its-definition-timing-and-significance/)

#### [Understanding Bitcoin Halving: Its Definition, Timing, and Significance.](https://www.share-talk.com/understanding-bitcoin-halving-its-definition-timing-and-significance/)

An examination of Binance’s order book indicates that the $71,500 mark is a key resistance level for Bitcoin, as evidenced by the concentrated sell orders at this price point.

Bitcoin’s recent upward trajectory is partly due to renewed interest in exchange-traded funds (ETFs) after a dip in late March and early April.

According to Farside’s bitcoin ETF tracker, last Friday saw an influx of $203 million into the bitcoin ETF market, following a $213.4 million inflow the previous day.

So far this year, bitcoin ETFs have amassed a net total of $12.6 billion, significantly influencing the digital currency’s value.

This week, Bitcoin has experienced a 2.7% increase, surpassing Ethereum (ETH), the second-largest cryptocurrency, which has seen a rise of less than 1%.

The trading value of the ETH/USD pair was last recorded at $3,560.

Looking at the wider altcoin market, both BNB and Dogecoin (DOGE) have gained a few percentage points week-on-week, whereas Solana (SOL) has seen a 7.3% decline in value against the US dollar.

The total value of the global cryptocurrency market is currently at $2.66 trillion, with Bitcoin accounting for 52.8% of this market share.

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