Tether Gold is one of the few coins hitting new all-time highs, up 14% since the crypto market peaked in late February alongside Gold’s rise to $3040.
As the bull market matures, economic uncertainties—Trump’s “tariff war,” NATO tensions, and recession fears—have taken center stage, dragging the total crypto market cap down by 30%.
The “best crypto to buy” debate remains complicated, with retail liquidity drying up under heavy market FUD.
While USD-pegged stablecoins offer protection against sharp declines, the dollar’s growing inflationary pressure has become a concern.
The U.S. dollar is off to its worst start since the 2008 financial crisis, down 5.4% year-to-date.
Meanwhile, the S&P 500 slipped into a technical correction on Thursday, dropping over 10% from last month’s record high.
With sentiment low across investment markets—especially for risk assets like crypto—“safe haven” assets like gold have emerged as a compelling store of value.
For gold-pegged stablecoins like Tether Gold, this means upside potential.
The Gold price may be set for a correction as it meets the upper resistance of an ascending channel pattern that has marked tops since April.
XAU / USDT 1W chart, ascending channel. Source: Binance.The Relative Strength Index (RSI) is hovering above the overbought threshold at 70, currently at 75, signalling possible buyer exhaustion.
However, this could simply be a pause before the next leg up, with analysts pointing to stacking fundamentals ahead of a potential third gold cycle.
History of gold cycles. Source: Kobeissi Letter / X.If gold breaks out from the channel, it could target highs of $3,560, representing a 17% advance from current prices—though this remains a long-term projection.
While Tether Gold provides stable gains, it sacrifices the upside potential crypto traders are accustomed to.
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