Introducing the US Morning Crypto News Briefing, providing a concise update on the key crypto developments anticipated for the day.

Many are closely monitoring how Gold has surged to new record highs at $3,317 per ounce while Bitcoin seems to be lagging behind. This has led to speculation within the crypto community regarding the 'Digital Gold' narrative potentially losing its strength.

There is a discussion on whether Bitcoin can be likened to a tech stock based on recent market trends. Analysts point out that the surge in Gold prices reflects investor concerns over the global economic instability due to ongoing trade tensions between major economies.

The question arises on how Bitcoin will be affected by these events, with opinions varying on whether its value will rise in a similar manner or not. Innokenty Isers, the CEO of Paybis, notes that Bitcoin's performance is currently closely linked to macroeconomic factors, showing a high correlation with equities like the S&P 500.

Isers suggests that Bitcoin's correlation with gold remains low, indicating that the two assets have mostly moved independent of each other. He states that Bitcoin's recent behavior resembles that of a tech stock rather than traditional digital gold.

Currently, market sentiment towards Bitcoin remains cautious, with the Fear and Greed Index indicating a fear zone sentiment even after a slight recovery. Observations show that Bitcoin ETFs have experienced steady outflows in April despite price increases, with BlackRock's IBIT leading the outflow trend.

In terms of market dynamics, attention is on Jerome Powell's upcoming speech for insights on rate cuts and tariff-related inflation. The market is waiting for signs of direction amid ongoing uncertainties regarding potential inflation pressures.