Gold just hit $4,750 per ounce—a new all-time record. This matters for crypto traders more than you might think. When traditional safe-haven assets like gold are soaring, it usually signals either inflation concerns or geopolitical risk appetite. Both scenarios shape how capital flows into digital assets. The dollar's recent weakness against major currencies has been fueling this gold rally. If this trend continues, it could push investors to diversify into alternative stores of value, including crypto. Watch the correlation between gold momentum and Bitcoin's next move—they're often more connected than the charts suggest.