Bitfinex: Bitcoin's stagnation, gold's record high reflect ongoing market caution

Bitcoin’s inability to break out past the $60,000 mark — coupled with gold reaching an all-time high — reflects a propensity for risk aversion in the market, according to Bitfinex analysts.The price of gold climbed to a fresh all-time high on Monday, as rising bets for a 50 basis-point Fed rate cut this week act as a tailwind on the safe-haven asset.