According to QCPgroup, gold prices dropped nearly 3% before rebounding as the market shifted back to a typical macro environment with a stronger US dollar and rising yields, leading to lower gold prices. Volatility declined across the board, with the VIX falling to 18 and Bitcoin front-end implied volatility compressing by over 5 vols. This shift in market dynamics has resulted in reduced crypto trading volatility, suggesting a more stable near-term outlook for Bitcoin and the broader cryptocurrency market. Source: QCPgroup on Twitter, May 13, 2025.

According to Crypto Rover, a decline in gold prices may trigger a 'risk-on' scenario, leading to a significant increase in altcoin valuations. This insight, shared via Twitter, suggests that investors might shift their focus from traditional safe-haven assets like gold to more volatile and potentially high-return investments such as altcoins. The implication is that traders should monitor gold price movements as an indicator for potential altcoin market expansion.