The negative correlation between bitcoin and gold reflects a risk-averse environment where investors prefer traditional safe-haven assets over speculative assets.
CryptoQuant mentioned that the recent trends in the market indicate a deviation in the price movements of gold and Bitcoin $BTC.
Veteran commodities trader Peter Brandt says that Bitcoin (BTC) is flashing hints that it is gearing up to massively outperform gold. According to Brandt, Bitcoin priced in gold (BTC/GLD) is printing a multi-year inverted head and shoulders (H&S)
Peter Brandt predicts Bitcoin will significantly outperform gold. Bitcoin is forming a multi-year inverse head and shoulders pattern. Continue Reading:Bitcoin Surpasses Gold in Potential Value The post Bitcoin Surpasses Gold in Potential Value appear
Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.
Two US-based gold dealers are reportedly pleading guilty over their roles in a nationwide scam that involves cryptocurrencies. According to a new report by The State, Kenneth Brown Jr. and Nicholas Shepard – the operators of the gold and precious met
Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68
Last Friday, gold hit a record high, exceeding $2,500 per ounce, while Bitcoin struggled to keep pace. This has led to a debate within the financial community about the fundamental differences between the two assets.
Gold prices hit an all-time high of $2,487.66 per ounce on Friday, driven by a weakening dollar, interest rate cut expectations, and geopolitical tensions.
Bitcoin may not be digital gold, but is an asset class that has proved its staying power
Quick Take Following a disappointing US jobs report, which revealed an unemployment spike to 4.3% and the addition of just 114,000 jobs, the Sahm Rule has been triggered, according to Head of Investme
The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if t