Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster

2019-3-21 16:13

Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset.

As the dollar crumbles and whispers of recession grow, bitcoin could spike alongside gold as a hedge against a future bear market in stocks. Bitcoin and Gold Strong Correlation As you can see in the chart below, both bitcoin and gold spent the week in an upward trend. Bitcoin

The post Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster appeared first on CCN

. origin »

Bitcoin (BTC) на Currencies.ru

$ 94593.07 (-0.63%)
Объем 24H $53.534b
Изменеия 24h: 3.06 %, 7d: -4.00 %
Cегодня L: $91951.2 - H: $95752.95
Капитализация $1873.96b Rank 1
Цена в час новости $ 4014.96 (2256.02%)

bitcoin gold market stock correlated correlation dollar

Источник: ccn.com

bitcoin gold → Результатов: 126


Binance обязала клиентов вывести активы в Monero, Bitcoin Gold и нескольких других криптовалютах

Крупнейшая криптовалютная биржа мира Binance заявила, что клиенты смогут вывести криптовалюты Monero, Multichain, Bitcoin Gold и некоторые другие исключенные из листинга активы до 1 сентября 2024 года включительно.

2024-8-13 12:58


Фото:

Bitcoin market cap nears 10% of gold as institutional interest soars – Incrementum report

Quick Take A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts.

2024-5-23 18:50


Bitcoin Emerges As the King Of Assets,10X Growth Over Gold During US Banking Crisis

Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis.

2023-4-29 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Billionaire Ray Dalio supports Bitcoin and Gold over debt assets

Ray Dalio has highlighted the growing risks of global indebtedness, urging investors to pivot toward “hard money” assets like gold and Bitcoin rather than traditional debt instruments. Speaking at a financial conference in Abu Dhabi, Dalio expressed concerns about mounting…

Bitcoin On Track To Replace Gold In 10 Years, Trading Firm Predicts

Bitcoin (BTC) shattered the $100,000 price milestone yesterday, reaching as high as $104,088 on Binance crypto exchange. This historic price action has prompted analysts at the trading firm Bernstein to assert that Bitcoin is well-positioned to replace gold within the next decade.

Bitcoin Price Is Decoupling From Gold Again — What’s Happening?

Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years. While gold surely outpaces BTC in age, both assets are commonly used by investors as a hedge against economic instability and inflation. Interestingly, there […]