Bitcoin holds $69,000 as gold tumbles and oil spikes, but one analyst says stay on sidelines
While bitcoin has shown relative strength against gold since the war in Iran broke out, investors are better off holding off “dry powder” while prices…
Tag: Gold
Crypto Market Today: Bitcoin-gold ratio drops to lowest since January 2024
Bitcoin rose since midnight UTC, while remaining locked in the $86,000-$90,000 range. Against gold, however, it’s still falling. Bitcoin’s BTC$89,099.15 underperformance relative to gold, to which it…
Bitcoin Catches Bid, Jumping Above $112K as Gold and Silver Plunge
Watching from the sidelines for weeks as precious metals scored record highs on a regular basis, bitcoin on Tuesday was gaining as gold and silver…
Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of…
Key Indicators Challenge Fed’s ‘Normalization’ Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls. Since the U.S. Federal Reserve (Fed) cut rates by 50 basis…
Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut
Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels. More than…
JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin
The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou. “Bitcoin’s allure as an inflation hedge”…
Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach
Gundlach has previously said, “I don’t believe in bitcoin.” “Bond King” Jeffrey Gundlach has had a change of heart on bitcoin. Gundlach – CEO of…
Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future
After testing investor patience for three weeks, bitcoin has finally crossed above $20,000 to reach fresh all-time highs. The number one cryptocurrency by market value…
Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan
Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan. “The…