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4 Jun 2026, 11:24

Gold Hits 27% Of Global Reserves As Dollar Falls 99% In 55 Years

Gold has overtaken US Treasuries as the largest component of global central bank official reserves for the first time in decades, according to the European Central Bank’s latest report on the international role of the euro. The shift marks a major change in how central banks are thinking about safety, liquidity, and sovereign risk. Gold is no longer just a defensive asset sitting in the background of reserve portfolios. It has moved ahead of US government debt at a time when geopolitical tensions, sanctions risk, and questions about dollar dependence are reshaping global reserve strategy. Gold Replaces Treasuries At The Top Of Official Reserves According to the ECB’s June 2026 report , gold accounted for 27% of total global official reserves by the end of 2025, up from 20% a year earlier. Over the same period, the share of US Treasuries declined from 25% to 22%. That does not mean the dollar has lost its overall lead. Dollar-denominated assets still account for about 42% of global reserves, while the euro accounts for roughly 15% to 16%. But the ranking inside reserve portfolios has changed in an important way: gold has now overtaken US Treasuries. The move is significant because Treasuries have long been treated as the core safe asset for central banks. They are liquid, deep, and backed by the world’s largest economy. Gold is different. It pays no yield, can be costly to store, and its price can be volatile. Yet central banks are still holding more of it in value terms. Part of the shift reflects the sharp rise in gold prices. As gold rallied, the value of existing central bank gold reserves increased. But the broader message is still hard to ignore: central banks have been rebuilding their exposure to gold after years of treating it as a secondary reserve asset. In practical terms, this shows that central banks are not abandoning the dollar overnight. Instead, they are diversifying away from full reliance on dollar-based instruments and placing more weight on assets that do not depend on another government’s credit or payment system. Why Central Banks Are Turning Back To Gold The longer-term picture is even more striking. Incrementum AG, using LSEG data, showed how major currencies have lost value against gold since August 1971, when the United States suspended dollar convertibility into gold under the Bretton Woods system. Since then, the US dollar has lost about 99.24% of its value in gold terms. The British pound has performed even worse, losing around 99.57%. A hypothetical euro would have lost roughly 99.08% of its gold value over the same period. The Japanese yen and Swiss franc have also depreciated significantly against gold. That comparison does not mean currencies are useless. Modern economies still need flexible money, liquid bond markets, and central bank policy tools. But it does show why gold keeps returning to the center of reserve debates whenever confidence in fiat currencies, debt sustainability, or geopolitical stability comes under pressure. For central banks, gold has one feature that bonds and currencies do not have: it is not anyone else’s liability. A Treasury bond depends on the US government. A euro reserve depends on the euro area. A bank deposit depends on the banking system. Gold sits outside that chain. That is why the latest reserve shift is about more than price performance. It reflects a changing view of political risk. After years of sanctions, frozen assets, trade fragmentation, and rising geopolitical competition, gold has become a form of sovereign neutrality. The 1970s Parallel Looks Familiar But The Driver Is Different The current shift has echoes of the 1970s. Back then, gold’s share of official reserves rose sharply after the collapse of Bretton Woods and the inflation shock that followed. CEIC data show that gold’s share rose from about 33% to 60% over the decade. The shift back toward Treasuries came later, especially in the 1980s, when Paul Volcker’s Federal Reserve brought inflation under control and made dollar bonds attractive again. High real yields helped restore confidence in US fixed income. Today’s environment is different. Inflation matters, but it is not the only driver. The bigger force appears to be geopolitical fragmentation. Central banks are not simply looking for yield. They are looking for assets that can survive a more divided world. That makes the current gold trend harder to reverse with interest rates alone. If the main concern were inflation, higher yields could pull reserves back toward bonds. But if the concern is sovereignty, sanctions risk, and dependence on another country’s financial infrastructure, gold offers something Treasuries cannot. The ECB’s data confirms that dollar assets still dominate global reserves. But gold’s rise above US Treasuries shows that the architecture of reserve management is changing. Central banks are not just chasing returns. They are rethinking what safety means.

4 Jun 2026, 11:23

Standard Chartered's three 'Ifs' that stand between bitcoin and a market low

Your day-ahead look for June 4, 2026

4 Jun 2026, 11:20

Spot CVD Chart Analysis for BTC/USDT: Volume Heatmap and Cumulative Delta Insights (June 4, 11:00 UTC)

BitcoinWorld Spot CVD Chart Analysis for BTC/USDT: Volume Heatmap and Cumulative Delta Insights (June 4, 11:00 UTC) At 11:00 a.m. UTC on June 4, the Spot Cumulative Volume Delta (CVD) chart for the BTC/USDT trading pair provides traders with a detailed view of order book dynamics, combining a Volume Heatmap with real-time buy and sell pressure data. This analysis helps identify potential support and resistance levels based on trading activity at specific price points. Understanding the Volume Heatmap The top section of the chart displays a Volume Heatmap, which tracks trading volume across various price levels. The background color intensity increases when the price either remains within a specific range for an extended period or undergoes a significant move. These brighter areas often indicate zones where the market has shown strong interest, potentially acting as support or resistance in future price action. Traders use this visual cue to anticipate where the price might stall or reverse. Cumulative Volume Delta (CVD) Indicator The bottom section of the chart features the Cumulative Volume Delta (CVD), which categorizes buy and sell orders by size. As buy orders for a specific size increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million. This breakdown allows traders to monitor the activity of different market participants, from retail traders to institutional players, and gauge the strength of buying or selling pressure at a glance. Implications for Traders By combining the Volume Heatmap with the CVD, traders can assess whether price movements are supported by genuine volume and order flow. A price increase accompanied by rising CVD lines for larger order sizes suggests strong institutional buying, while a price drop with falling CVD may indicate weakness. Conversely, divergence between price and CVD can signal potential reversals. This chart is particularly useful for intraday traders looking to time entries and exits based on real-time market microstructure. Conclusion The Spot CVD chart for BTC/USDT at 11:00 UTC on June 4 offers a granular look at market dynamics, highlighting key price levels through volume activity and order flow analysis. Traders should monitor these indicators alongside broader market trends to make informed decisions. As always, no single indicator guarantees future performance, and risk management remains essential. FAQs Q1: What is the Spot CVD chart used for? The Spot CVD chart helps traders analyze order book dynamics by showing trading volume at specific price levels (Volume Heatmap) and the cumulative volume of buy and sell orders categorized by size (CVD). It is used to identify potential support/resistance zones and gauge buying or selling pressure. Q2: How does the Volume Heatmap indicate support or resistance? Brighter areas on the Volume Heatmap indicate where the price has spent more time or experienced significant moves, suggesting strong market interest. These zones often act as support (price floor) or resistance (price ceiling) in future trading. Q3: What do the different colored lines in the CVD represent? Each colored line in the CVD represents buy and sell orders of a specific size range. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million. Rising lines indicate increased buying activity for that order size. This post Spot CVD Chart Analysis for BTC/USDT: Volume Heatmap and Cumulative Delta Insights (June 4, 11:00 UTC) first appeared on BitcoinWorld .

4 Jun 2026, 11:15

Standard Chartered: Bitcoin Sell-Off Nearing Bottom, $100K Target Set for End of 2026

BitcoinWorld Standard Chartered: Bitcoin Sell-Off Nearing Bottom, $100K Target Set for End of 2026 Standard Chartered (SC) has assessed that the recent sharp decline in the Bitcoin market is approaching a bottom, with the peak of the sell-off likely behind us. In a research note reported by The Block, Geoffrey Kendrick, the bank’s head of digital assets research, outlined several factors supporting a near-term recovery and a long-term bullish outlook. Key Drivers Behind the Bottom Call Kendrick pointed to the structural strength of spot Bitcoin ETF holdings as a primary reason for confidence. Despite the price drop, he noted that ETF-based BTC holdings have remained resilient, indicating that institutional investors are not panic-selling. Additionally, he highlighted an anticipated large-scale repurchase from Strategy (formerly MicroStrategy) as a potential catalyst for a price rebound. According to Kendrick, the direct cause of this week’s decline was Strategy’s sale of 32 BTC. However, he drew a parallel to a similar event on December 22, 2022, when the company sold 704 BTC for tax purposes and then repurchased 810 BTC just two days later. Based on this precedent, he predicts a more aggressive repurchase this time, potentially ranging from 320 BTC to 3,200 BTC. The Long-Term Forecast Standard Chartered maintains its ambitious price targets: $100,000 for Bitcoin and $4,000 for Ethereum by the end of 2026. Kendrick suggested that when looking back from that vantage point, the current period of volatility will be seen as a significant buying opportunity. This forecast aligns with the bank’s broader thesis that digital assets are entering a phase of sustained institutional adoption and regulatory clarity. Implications for Investors For market participants, the analysis provides a counterpoint to prevailing bearish sentiment. The emphasis on ETF stability and corporate buying activity suggests that the recent sell-off may be more of a tactical correction than a structural breakdown. However, the forecast remains contingent on broader macroeconomic conditions and regulatory developments. Conclusion Standard Chartered’s assessment offers a measured, data-driven perspective on the current Bitcoin downturn. While short-term volatility persists, the bank’s analysis points to underlying strength in institutional holdings and potential corporate buying activity that could stabilize and eventually lift prices. The $100,000 target for end of 2026 remains a long-term horizon that investors should weigh against near-term risks. FAQs Q1: Why does Standard Chartered believe the Bitcoin sell-off is near the bottom? A1: The bank cites structurally strong spot ETF holdings, a lack of panic selling by institutions, and the expectation of a significant BTC repurchase by Strategy as key indicators that the worst of the sell-off has passed. Q2: What is the significance of Strategy’s BTC sale and potential repurchase? A2: Strategy sold 32 BTC, which triggered a price decline. However, based on a 2022 precedent where the company sold for tax purposes and quickly repurchased more, analysts expect a larger repurchase (320–3,200 BTC) that could support prices. Q3: What are Standard Chartered’s price targets for Bitcoin and Ethereum? A3: The bank forecasts Bitcoin reaching $100,000 and Ethereum hitting $4,000 by the end of 2026, viewing current market conditions as a long-term buying opportunity. This post Standard Chartered: Bitcoin Sell-Off Nearing Bottom, $100K Target Set for End of 2026 first appeared on BitcoinWorld .

4 Jun 2026, 11:15

Euro Stablecoins Are Scaling While The Digital Euro Waits On Brussels

Euro stablecoins hit €450M in January 2026 while the ECB’s digital euro will not issue before 2029. The bank consortium Qivalis launches in H2 2026, three years ahead of Frankfurt.

4 Jun 2026, 11:13

Coinbase Launches Pre-IPO Perps, Starting with Elon Musk's SpaceX

Elon Musk's aerospace company SpaceX is set to IPO, with current estimations making him the world's first trillionaire on its completion.