GM, Crypto Briefers!

Bitcoin is finally acting like it wants to be in the macro conversation again. After months of underperformance, the asset is ripping toward $97K as ETF inflows surge and geopolitics hand crypto its favorite narrative back. Equities have cooled off slightly, gold is already at record highs, and Bitcoin is suddenly moving in sync with both.

At the same time, the portfolio math is starting to catch up with the price action. Bitwise dropped fresh research arguing that the real edge is not choosing between gold and Bitcoin, but holding both. One plays defense in drawdowns. The other plays offense in recoveries. Together, they quietly outperform.

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Bitcoin nears $97K as ETF inflows hit three month high

Bitcoin is pushing toward $97,000, its highest level since early November, finally breaking out after months stuck between $85,000 and $92,000. The move follows renewed US spot ETF demand, with $753 million in net inflows recorded on Tuesday, the strongest single day since October. A shift in macro positioning has also helped, as geopolitical tensions revive Bitcoin’s safe haven narrative while equities cool from recent highs.

Bitcoin is up nearly 7% over the past week, lifting the broader crypto market and driving fresh momentum across majors and select altcoins. Ether is pushing toward $3,400, Solana has reclaimed the mid $140s, while XRP is trading near $2.15. Among top movers, Dash surged more than 40% in the past 24 hours, followed by ICP, up around 18%, and meme coin PEPE, gaining roughly 10%.

Bitwise says Bitcoin and gold beat traditional portfolios

Bitwise research shows a portfolio combining Bitcoin and gold delivered nearly triple the Sharpe ratio of a traditional 60/40 allocation over the past decade. Gold cushioned drawdowns in every major market shock, while Bitcoin led recoveries in most cycles.

The firm tested major stress periods, including 2018, 2020, 2022, and the ongoing 2025 recovery. Gold consistently cushioned drawdowns while Bitcoin led rebounds. A portfolio holding both assets posted a Sharpe ratio of 0.679, versus 0.237 for a traditional 60/40 allocation. The conclusion was blunt. The best answer is both.