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Gold Rallies as Bitcoin Languishes Around $56K

Gold Rallies as Bitcoin Languishes Around $56K – CoinDesk

Gold is outperforming bitcoin amid a renewed drop in inflation-adjusted bond yields. Bitcoin was trading sideways on Friday, even as gold rallied to three-month highs amid a renewed drop in U.S. real (inflation-adjusted) bond yields. The cryptocurrency was changing hands at $56,500 at 11:00 UTC, continuing a week-long consolidation in the range of $52,000 to $59,000, according to CoinDesk 20 data.