Welcome to the US Crypto News Morning Briefing — your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and take a deep breath because the markets are flashing signals not seen in decades. Gold is soaring past records, and analysts are split on whether this is the calm before a massive correction or the beginning of a generational bull run
Crypto News of the Day: Gold Mania or Supercycle? Bank of America Lifts Target to $5,000 as RSI Hits Record High
The gold market is entering uncharted territory, and traders are divided on whether this is peak euphoria or the early stage of a historic supercycle.
Bank of America has lifted its gold target to $5,000 per ounce and silver to $65, citing rising stagflation risks, persistent US fiscal deficits, and deepening geopolitical tensions.
The move comes as gold’s monthly Relative Strength Index (RSI) surges to 92.2, the most overbought level ever recorded.
According to data shared by Walter Bloomberg, gold-backed ETF purchases jumped 880% year-over-year in September, reaching a record $14 billion in inflows.
This aligns with a recent US Crypto News publication reporting record-breaking flows defining the 2025 ETF boom.
Bank of America’s research warns that persistent inflation from deglobalization, uncertainty around Federal Reserve independence, and mounting US fiscal stress could keep the rally alive for another 12-18 months.
However, the bank expects short-term consolidation, with risks including a hawkish Fed pivot, Trump tariff rulings, and US midterm election outcomes.
Market veterans like JPMorgan CEO Jamie Dimon have added to the frenzy, saying gold could easily go to $5,000, even $10,000 in the current environment.
