Glassnode, a blockchain analytics company, reported that safe-haven assets such as gold and Bitcoin continue to perform remarkably despite ongoing global economic uncertainty and shifts in international trade relations.

In a report released on April 16, the company explained that gold has reached record highs, while Bitcoin has remained stable above $80,000, reflecting strong demand and market resilience despite challenges.

Glassnode believes these indicators reflect a structural shift in the global financial system.

In the context of the analysis, it was noted that fluctuations in US Treasury yields, which ranged between 3.7% and 4.5%, caused widespread turmoil in financial markets, clearly reflected in the MOVE and VIX indices, which measure volatility in bond and stock markets, respectively.

This situation has increased investor anxiety, especially given the rising yields.

For its part, Bitcoin experienced a 32% decline, the largest of this cycle, but still less severe than the declines seen in previous cycles.

Glassnode considered this evidence of growing investor confidence, noting that corrections since 2023 have been shallower and more disciplined, indicating a growing willingness to hold the currency during periods of volatility.

The report also noted that profit-taking and loss-taking activities are currently largely balanced, creating relatively neutral capital flows and increasing the likelihood of a continued consolidation period.

Conversely, gold prices rose to $3,354 per ounce on April 16, up 26% since the beginning of the year, as investors shift toward safe-haven assets amid a changing economic environment.


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