In brief
- Gold futures climbed above $4,200 per ounce Tuesday, setting a new all-time high.
- CoinGlass tracked more than $21 billion in crypto outflows from Binance over the past week.
- Analysts told Decrypt the divergence marks a short-term flight to safety, with capital temporarily shifting from crypto to gold ahead of key Fed signals.
Gold hit a new record high Tuesday, while billions exited major crypto exchanges.
Futures briefly crossed $4,200 per ounce before closing at $4,197.6 in New York trading Tuesday, according to data from CME Group. Trade publication The Kobeissi Letter characterized the turn as “the first time in history” that gold has crossed the mark, noting that the asset is up nearly 60% in 2025 alone.
The move came as CoinGlass data showed over $21 billion in outflows from Binance and continued withdrawals across other top exchanges, less than a week after crypto markets crashed in what’s now dubbed as the latest “
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Author: Vince Dioquino
