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Gold Reaches All-Time High as Bitcoin Breaks Above $11k

The precious metal has gained roughly 28% this year. Bitcoin is up 13% in 24 hours.

Updated Sep 14, 2021, 9:36 a.m. Published Jul 27, 2020, 10:42 p.m.

The price of gold reached a new all-time intraday high of $1,942 Monday, extending a rally that started in 2019.

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A record high for the yellow metal comes during an approximately 28% rally since January.
Gold’s previous record high of $1,924 was reached on Sept. 6, 2011.
Bitcoin, often viewed as digital gold, soared to $11,400 as the stalwart cryptocurrency keeps pace with gold.
Bitcoin gained more than 13% over the past 24 hours, according to OnChainFX.

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When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

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Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.