New signals emerge from U.S. policy. When the top leader signals a non-military stance, the market reacts immediately—cryptocurrencies rebound while gold faces short-term pressure and declines.

The logic behind this is quite straightforward: policy expectations to avoid conflict often diminish the appeal of safe-haven assets. As a traditional safe haven, gold naturally comes under pressure when geopolitical risks ease. Conversely, cryptocurrencies gain a breathing space due to reduced risk premiums.

However, the question is, how long can this rebound last? Policy statements are always unpredictable, and whether this wave of market optimism is truly a sign of improvement or just a temporary relief remains to be seen. In the short term, policy signals, macroeconomic data, and changes in institutional holdings will influence the direction of the crypto market. It is also worth paying attention to where the balance lies between the downside potential for gold and the opportunities for a rebound.