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$XAUT > Gold ATH at $3,232: Better Buy Than BTC?

Munene Timothy by Munene Timothy
April 11, 2025
in Binance Feed, Market
Reading Time: 4 mins read
$XAUT Gold ATH at $3,232 Better Buy Than BTC
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  • Tether’s XAUT hits an all-time high of $3,243.70, gaining 3.4% in 24 hours with strong RSI and accumulation data.
  • Bitcoin rebounds to $82,754.46, rising by 3.97% as RSI improves and hashrate sets a new record, showing renewed strength.
  • Investors shift toward gold-backed tokens and BTC, favoring assets with real-world backing and strong network metrics.

Tokenized gold has had strong interest from Asian crypto investors, despite calming trade tensions and shifting global risk factors. Tether’s XAUT surged past previous highs, crossing $3,232 and setting a new all-time record. On-chain data shows XAUT ranked among the top 10 digital assets by performance. 

Within 24 hours, the asset gained 3.4%, indicating rising investor preference for tokenized physical commodities. Analysts connect this shift to global uncertainty, especially around unpredictable U.S. policy decisions. Despite signs of cooling off in some areas, investor concern has not fully eased. Many now prefer assets seen as safer stores of value.

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Strong On-Chain Metrics Fuel XAUT Momentum

XAUT opened at $3,192.80 and peaked at $3,243.70 before closing at $3,239.60. This bullish movement follows recent consolidation, suggesting a continued uptrend. 

The trend since early 2025 shows higher highs and higher lows, confirming consistent buyer interest. Technical indicators also support the strength of the rally. The 14 day RSI is at 70.73. 

Source: TradingView

This is just above the typical overbought level, indicating strong momentum. In the past sessions, the RSI rose from 62.86, showing increased buying activity. Meanwhile, the Accumulation/Distribution line reached 9.62K and continues rising. 

This suggests ongoing accumulation by institutional or long term investors. The volume bar, at 81, shows rising participation and confirms the breakout. When paired with rising accumulation, this supports the ongoing bullish outlook.

Bitcoin Rebounds, Hashrate Sets New Record

Bitcoin’s price has rebounded to $82,754.46 after a sharp correction from $109,000. The daily change is by $3,161.58, or 3.97%, with volume at 347 BTC. 

Source: TradingView

Price action shows a strong bullish candlestick, pointing to renewed buying pressure and a potential trend reversal. RSI data supports this move. The index rose to 49.23 from recent lows, with a moving average at 43.29. This indicates that bearish momentum is fading. 

The A/D line now trends slightly upward at 169.45K, suggesting net accumulation continues despite recent volatility.The $70,000 level served as support, leading to renewed momentum. Price now approaches key resistance between $85,000 and $90,000, where earlier highs were rejected.

Comparing Network Strength and Market Potential

Despite the price pullback, Bitcoin’s hashrate and mining difficulty continue reaching all-time highs. Rising difficulty suggests increasing network strength and security.

Bitcoin Drops to $80K, but Hashrate Hits ATH

“Despite Bitcoin’s price dropping from $109K to around $80K, both the hashrate and mining difficulty have continued to reach all-time highs.” – By @Yonsei_dent

Read more ⤵️https://t.co/bI6w3jOs7g pic.twitter.com/rAnPXi8c4Q

— CryptoQuant.com (@cryptoquant_com) April 10, 2025

According to CryptoQuant CEO Ki Young Ju, Bitcoin’s market cap potential, based on hashrate, could reach $5 trillion. Current valuation is at $1.6 trillion. As both XAUT and BTC show strength in different metrics, investors are assessing risk and return in a changing macro environment.

Tags: Market News

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