Bitcoin Resumes Gold-Like Behavior -- Market Talk
Dow Jones2026/09/04 17:091309 ET - Behavior as a "safe-haven asset" similar to gold is being seen in bitcoin--although macro signals are limiting investor appetite for it in this role, says James Butterfill of CoinShares in a note. He thinks that a resolution in the Iran conflict or "further deterioration in confidence in U.S. sovereign debt" could allow bitcoin to break out from resistance of $80,000. As for inflation, Butterfill thinks the market's pricing of a September hike still looks too aggressive, "particularly given softer labor data and the divergence now emerging within the Fed over how much weight to place on inflation versus employment." Bitcoin is down 2.1% to $79,823, while ethereum is off 1.8% to $2,461, and XRP falls 4.4% to $1.41. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
September 04, 2026 13:09 ET (17:09 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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