China Boosts Gold Reserves as Bitcoin Holds Strong

China Boosts Gold Reserves as Bitcoin Holds Strong
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China’s central bank has added five tonnes of gold to its reserves in under a month, signaling aggressive accumulation amid global market uncertainty. Meanwhile, Bitcoin remains resilient above $87,000, defying recent market fluctuations and attracting large investors.

  • China's gold reserves now account for 6.5% of its total official reserve assets, reflecting a strategic shift away from US dollar-denominated assets.
  • Bitcoin whale wallets (holding 1,000+ BTC) have increased by 70 since February, signaling growing institutional confidence.
  • Gold prices surged by nearly $100 in a week, driven by geopolitical tensions and central bank accumulation, while Bitcoin's resilience defies ETF outflows.
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