Cryptocurrency Analysis and News Portal
The gold price hit a two-week low of $1,705, as the global economy slowly becomes more optimistic. Gold is unlikely to hit new highs if equities and real yields continue gains but may resurge if the economic recovery falters. Gold will likely remain strong in the medium to longer-term,
Read More
Gold prices are booming, as XAU/USD is now above $1750 The rapid increase in demand for the safe-haven metal has stretched market positioning to extreme levels. If no headline inflation appears, is gold set to crash like it did in 2011? The gold price is booming. As bugs dream
Read More
After the recent halving, Bitcoin is trading under $10,000. Meanwhile, gold has managed to hit new highs.The value of Bitcoin, although said to be on a bullish run in recent times, has struggled to hit key resistance level $10k as gold continues to set new records. The precious metal currently
Read More
Bitcoin's attempt to scale the psychological resistance of $10,000 looks to have stalled again, even as gold soars to new highs.The top cryptocurrency by market value is currently trading around $9,630 at time of writing, representing an over 145% gain on the low of $3,867 registered March 12, according to
Read More
Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes.The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by
Read More
Bitcoin closed above $9,700 in hopes to wipe out its pre-halving crash amidst growing risk-off demand.The cryptocurrency broke its short-term correlation with the S&P 500 after the Federal Reserve gave a grim economic outlook.Instead, the BTC/USD exchange rate surged alongside its safe-haven rival Gold.Bitcoin extended gains a day after downplaying
Read More
Hedge fund manager and investor, Paul Tudor Jones, discussed his opinion in regard to the crypto asset bitcoin on Thursday, saying that it reminds him of the part gold played back in the ‘70s. Jones also disclosed that his fund Tudor BVI has a percentage of Bitcoin futures products
Read More
Bitcoin looks to have decoupled from traditional markets as investors refocus on the network's imminent mining reward halving. While the top cryptocurrency by market value has gained nearly 5.9% so far this month, gold, a haven asset, has declined by 1%. Meanwhile, as of Wednesday, the S&P 500, Wall Street’s equity
Read More
Gold’s history as a symbol of value dwarfs that of any other artifact. Used as money in both ancient Greece and the Roman empire, gold was also the preferred method of payment for goods along the Silk Road. When modern banking emerged during the Italian Renaissance, the concept of paper
Read More
When markets are bleeding, investors turn to gold. The celebrated precious metal and former reserve standard of the world’s monetary system is valuable for several reasons, but primarily because it is scarce. So scarce, that supply-chain problems with physical gold delivery are manifesting as demand surges amid the COVID-19 financial chaos.Why
Read More