Joining the ranks: Bitcoin’s correlation with gold and stocks is growing
Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of …
Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also …
Bitcoin slips below $39K as Fed sends gold to 6-week lows
Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold. BTC/USD 1-hour candle chart (Bitstamp). Source: …
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency’s long-term bull trend, especially …
Bitcoin sell-off likely played a key role in boosting Gold’s appeal
May was a testing time for cryptocurrencies like Bitcoin (BTC). The flagship digital asset was already wobbling after rallying to nearly $65,000 in mid April, owing to profit-taking sentiment among …
Gold-backed digital tokens to hit Turkish market following new partnership
Gold wholesalers are starting to find new ways to expand their businesses to retail, thanks to blockchain-based tokenization. International bullion trading company AgaBullion and United Kingdom-based fintech Aurus Technologies have …
Ron Paul: Legalize and tax Bitcoin like money
Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner …
Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss
Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge, and described BTC as more akin to a …
Bitcoin price crash isn’t over, says JPMorgan strategist
Following the worst May for Bitcoin (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts. Weakened …
For the long haul? When Bitcoin nosedived, institutions held fast
Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights …