Gold Makes History! When Bitcoin?

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

Gold Makes History!

Gold prices officially surge above $3,500/oz for the first time in history.

Gold prices are currently up more than 50% over the last 12 months.

It is also now outperforming the S&P 500 since 2020.

Gold funds posted a record ~$8 billion in net inflows last week.

This is double the record weekly inflows seen during the 2020 pandemic.

Gold prices have now rallied 29% this year, the best year-to-date gain since 1974.

ETH Keeps Disappointing!

Transaction costs on the Ethereum network have dropped to the lowest level in 5 years as the amount of activity on the blockchain is in a lull.

Ethereum network fees are now around $0.168 per transaction.

The much awaited Pectra upgrade for the Ethereum is now scheduled to go live on the mainnet on May 7.

ETH/BTC is approaching a macro support level, indicating that a reversal in prices for ETH is on the cards.

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• Galaxy Digital swapped $100M ETH for Solana

• Paul Atkins Takes Over SEC with Bold Crypto Reform Agenda

• Spot bitcoin ETFs see $381 million inflow

• Hyperliquid updates validator to 21 permissionless nodes

• ZKsync Hit by $5M Hack

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.