The dollar index’s recovery rally gathered steam early Wednesday, but that did not deter gold from climbing to new highs above $4,000.

Bitcoin, too, has recovered from Asian session lows near $121,000 to trade near $122,750 at press time. The cryptocurrency is still down 1.3% on a 24-hour basis. The CoinDesk 20 Index is down over 3% at 4,229 points. Gold tokens, XAUT and PAXG, trade higher, taking cues from the spot gold prices. Meanwhile, BNB, CAKE and HASH traded higher on a 24-hour basis.

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