Crypto markets are under pressure after another wave of sell-offs: Bitcoin plunged below $107,000, XRP and ADA both slumped more than 17% on the week, and a staggering $1.2 billion was liquidated overnight due to a tightening liquidity crunch. The narrative is swiftly shifting from risk-taking br... ... Read full š“š CryptMarket Analysis ā 20-10-03
Jurrien Timmer, director of global macro at Boston-based investment giant Fidelity, hasĀ opined that Bitcoin might "pick up the slack" now that gold's rally has faltered.Ā "The price of gold continues to work off what in retrospect looks a lot like a blow-off that was not quite justified by the rise iā¦
JPMorgan has predicted a parabolic rally for Bitcoin in the next 6-12 months. According to Nikolaos Panigirtzoglou, a strategist at JPMorgan, the Bitcoin price would need to rally towards $170,000 to match Goldās private investment value.Since hitting ,377 per ounce, the gold price has dropped arouā¦
Key points:Bitcoin joins US stocks in erasing its latest gains as market nerves heighten over US economic cues.Fed interest rate cut odds slowly increase, but analysis says that risk assets could get a nasty surprise.JPMorgan now sees Bitcoin as undervalued against gold.Bitcoin wobbled below $102,0ā¦
In an exclusive interview with Cointelegraph, veteran economist and gold advocate Peter Schiff issued one of his starkest warnings yet about Bitcoinās future, and the powerful forces he believes have inflated it.Schiff argues that the latest Bitcoin (BTC) bull market isnāt organic, but rather proppeā¦
In a recent X post, the outspoken gold advocate and long-time Bitcoin critic argued that goldās value stems from its ancient role as a tangible store of wealth, while Bitcoin remains speculative, volatile, and devoid of intrinsic value. According to Schiff, ābuying Bitcoin is essentially a bet againā¦
Inflation does not have a major impact on Bitcoinās price, as many believe, but a weakening US dollar does help push up the cryptocurrency alongside gold, according to NYDIG.āThe community likes to pitch Bitcoin as an inflation hedge, but unfortunately, here, the data is just not strongly supportiveā¦
Veteran crypto trader Peter Brandt has taken to X (formerly Twitter) to provide a brief analysis of goldās long-term performance while highlighting the many long and painful waiting periods that pro-gold advocate and Bitcoin critic Peter Schiff has had to endure over the years.The post, issued on Weā¦