Longest Negative Streak for Gold After 7 Monthly Red Candles
2022 has been quite painful for investors, with most assets dumping hard. The cryptocurrency industry is no different. Bitcoin, for example, is down by about 70% since its peak in…
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Bitcoin price reaches $21K as crypto market cap nears $1T
The gains keep coming for BTC and crypto for a second day as the U.S. dollar drops.
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote.
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been…
Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip
Volatility is closing in, but traders may have to wait until the end of the year if history is to repeat itself, one analyst warns.
Small Bitcoin investors stop whales from crashing BTC price below $18K
Bitcoin price has avoided a bigger plunge below $18,000 in recent months, raising expectations that a market bottom is forming.
Bitcoin Links With Gold as Inflation Hedge at 30-Day View
The correlation between Bitcoin and stocks may be decoupling. And the original cryptocurrency might be working as advertised as an inflation hedge. With inflation soaring, BTC is tracking more like…
UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver
While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits…
Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows…
USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a…
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