Bitcoin and gold are becoming increasingly correlated in conservative investment strategies
Bitcoin and gold are becoming increasingly correlated in conservative investment strategiesMarket trends suggest that investors are turning to gold and Bitcoin as a hedge against uncertain global conditions.
Happy Wednesday!The global crypto market cap is $2.5 trillion, with a 24-hour volume of $243.58 billion. The price of Bitcoin is $66,861.54, and BTC market dominance is 52.6%. The price of Ethereum is $3,801.82, and ETH market dominance is 18.3%. The best-performing sector is Deflationary, which gained 16%. The Crypto Fear & Greed Index is currently Greed (75). Top News
Bitcoin and gold are becoming increasingly correlated in conservative investment strategiesMarket trends suggest that investors are turning to gold and Bitcoin as a hedge against uncertain global conditions. Bitcoin slides almost 9% to $63,150 after setting new ATHBitcoin has given up most of the gains accumulated since the start of the week. SEC request court to take further action after reaching ‘impasse’ with Binance.USThe watchdog claims that Binance.US has failed to meet its legal obligations, while the firm claims it has fully complied with regulatory requests.
Ad: The rise and potential of BGB: A comprehensive analysisBitget's BGB token hits a new all-time high, signaling strong investor confidence and underlying market potential. Latest Insights
More NewsFunding rates soared as traders bet big on Bitcoin’s future gains before correctionThe cost of holding Bitcoin long positions spiked, pointing to intensified bullish expectations and leverage concerns. SEC uses insider trading judgment to enhance case against Coinbase, BinanceSeveral crypto lawyers have pushed back against SEC's reliance on the insider trading case judgment. Bitcoin ETFs are cheap or ‘How unit bias can extend bullish movement’Spot Bitcoin ETFs have a unit cost under $100 which may be making them more appealing to new investors due to unit bias. Montenegro blocks Do Kwon extradition again following successful appealTerraform Labs and its former CEO Do Kwon legal battles in the US and Montenegro continues with new developments afoot. OpenAI counters Elon Musk’s lawsuit, reveals tech mogul predicted their failureOpenAI defends its for-profit pivot against Elon Musk's accusations.
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BlackRock looking to include Bitcoin exposure in other funds
Tuesday, March 5, 2024
The asset manager has filed an amendment to include Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX). ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin passes $66k as liquidations surge and halving approaches
Monday, March 4, 2024
With a year-to-date high, Bitcoin inches closer to surpassing its record value before the upcoming 'halving' event. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Why has Bitcoin reached its ATH against major currencies but not USD?
Sunday, March 3, 2024
Exploring Bitcoin's performance against major fiat currencies and the reasons behind its failure to exceed the previous all-time high in US dollars. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
StanChart exec predicts $200K Bitcoin by 2025-end as demand continues to outpace supply
Saturday, March 2, 2024
Kendrick believes that several catalysts will drive demand for Bitcoin to unprecedented levels, resulting in a sustained two-year rally. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
El Salvador and pro-Bitcoin businesses reaping rewards after years of skepticism
Friday, March 1, 2024
El Salvador and companies that chose to buy Bitcoin with reserves are having the last laugh as BTC approaches all-time highs before halving. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, November 22, 2024
Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80000 being possible after the $100000 is surpassed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏