Cryptocurrency Analysis and News Portal
Could anxious investors treat bitcoin as their safe-haven amidst Coronavirus uncertainty? Yes. But that doesn’t make the cryptocurrency the only fish in the big pond of insurance assets.Investors are now looking beyond the traditional narratives of a safe-haven. They are relying on unique assets to protect their capital. That explains
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Bitcoin holds above a key support level of $9,000 amidst growing demand for safe-haven assets.The cryptocurrency is eyeing a break above $9,500 to confirm a medium-term bullish bias.Rising cases of Coronavirus in the US has led investors to withdraw from equities this week. Gold and bonds have inched higher, meanwhile.The
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The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy.
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Rival assets bitcoin and gold jumped hand-in-hand on Monday as investors pinned their hopes on central banks stimulating economies via new stimulus programs.The bitcoin-to-dollar exchange rate surged 3.28 percent to hit an intraday high of $8,64.08 following the European session open. At the same time, CME futures linked to the
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Gold is once again rallying on safe-haven demand, with the yellow metal gaining 2.5% Sunday evening. Bullion flash-crashed by $78 on Friday, its worst single-day drop in seven years. Latest PMI data out of China suggest coronavirus is wreaking havoc on the world’s second-largest economy. Amid the global economic
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Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years.According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013.Gold drops 7% in 5 days after
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Gold’s price posted its biggest single-day slide since 2013. The yellow metal bottomed at $1,564.00/oz., wiping out more than two weeks’ worth of gains. The selloff was triggered by fears that coronavirus will impact demand for raw materials as economic growth grinds to a halt. Steep declines in stocks
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Gold’s price still has room to climb after this week’s stock market bloodbath. Long-term pressures from the ballooning U.S. budget deficit remain. Bernie Sanders’ increasingly tight grip on the Democratic Party nomination is also a potential catalyst. The U.S. stock market continues to shed value in what is panning
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Gold prices hit a seven-year high on Monday after a stunning rally. The U.S. stock market crashed amid coronavirus fears, implying the risk is getting priced in. The emergence of a locust plague will be the icing on the cake to an already tumultuous 2020. The locust plague, which
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Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and
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