News
The massive whale previously rotated about $5 billion worth of Bitcoin into Ether after holding the BTC stash for seven years.
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Gold News
Gold, a precious metal revered for centuries, holds an enduring appeal due to its rarity, beauty and intrinsic value. Throughout history, gold served as hard money, a term denoting currency backed by tangible assets, ensuring stability. Unlike fiat currencies, which derive value from government decree, gold’s value is intrinsic, making it a reliable medium of exchange and store of wealth.
Historically, various civilizations used gold coins for trade, establishing its universal acceptance. Gold-backed currencies provided economic stability, linking the value of money to a specific amount of gold. This system mitigated inflation risks, fostering trust in financial systems.
In contemporary finance, gold remains a reliable store of value, offering protection against economic uncertainties. Investors turn to gold during market downturns, reinforcing its status as a safe-haven asset. Additionally, the rise of cryptocurrencies led to Bitcoin (BTC) being dubbed “digital gold.” Bitcoin shares similarities with gold, such as scarcity and properties that make it a hard asset. Investors often correlate BTC with gold, highlighting its potential as a modern store of value.
- News
Streamex shares surged over 20% as the company announced a pre-sale for GLDY, a gold-backed stablecoin offering 4% yield and targeting institutional investors.
2477 - News
Gold hitting a new high of nearly $4,000 on Monday has analysts predicting an astronomical value for Bitcoin ahead of its next halving in 2024.
5367 - Market Analysis
Billionaire Paul Tudor Jones said US financial markets are far from bubble territory, citing fiscal imbalances as fuel for risk-on assets like Bitcoin and growth stocks.
4302 - Price Analysis
Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. If the buying pace sustains, BTC’s next stop could be $142,000.
7374 - Price Analysis
Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high.
16988 - Market Analysis
Bitcoin price aims for $125,000 as the gold rally and reduced inflation risks strengthen investors’ conviction in interest rate cuts and a rally from alternative assets.
6308 - News
Bitcoin may rally to $150,000 before year end as gold’s safe haven surge drives institutional demand, according to hedge fund founder Charles Edwards.
10587 - Price Analysis
Bitcoin started October on a strong note by rallying to $118,200. That clears the path for BTC to chase new all-time highs. Which altcoins could follow?
17867 - Market Update
Bitcoin pushed higher toward $117,000 on Wednesday as bulls ignored downside liquidity to follow gold as it hit fresh all-time highs.
3159 - Market Analysis
Bitcoin derivatives markets show heightened caution amid weak macroeconomic data, but Bitcoin ETF inflows and corporate accumulation signal bullishness.
5317 - Market Update
Bitcoin trade revealed that BTC price action could be ready to follow gold to new all-time highs after bulls held onto early-week gains.
3411 - Market Analysis
Bitcoin opened the week with a strong rally above $114,000, and these three developments could send BTC price back to its monthly range highs
6167 - Market Analysis
Bitcoin failed to follow gold to all-time highs this month, but analysts argue that BTC usually follows three to four months later, setting targets as high as $300,000.
21179 - Market Analysis
Bitcoin struggles to recover and rally despite favorable macroeconomic trends that have sent stock prices higher. What will it take to overcome $110,000?
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