Realized Correlation Between Bitcoin and Gold Reach 1-Year High, Showing Optimism

The realized correlation between Bitcoin and gold reached a one-year high, which might suggest investors perceive BTC as a store of value

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Bitcoin’s correlation with Gold hits all-time high

BTC price is down 4% over the past 24 hours as Gold slips from...

The post Bitcoin’s correlation with Gold hits all-time high appeared first on Coin Journal.

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Gold Surpasses $1,800, Nears All Time High, Will Bitcoin Follow?

Gold has been in one of its biggest bull runs since May last year and especially since March 2020. It has risen by $400 in the past four months, or...

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UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold

The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold.

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Mark Yusko Claims That Only Gold and Bitcoin Can Be Considered Money

Mark Yusko calls Bitcon ?digital gold? as the price of the yellow metal is about to hit a new all-time high

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Peter Schiff to Bitcoin Buyers: ?Hope Is Never a Good Investment Strategy?

If you still expect the Bitcoin price to reach a new high before gold, Peter Schiff thinks you are delusional

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Peter Schiff: Bitcoin Won’t “Even Come Close” to Its $20k High This Year

It’s been a strong past few months for both Bitcoin and gold. The leading cryptocurrency is up more than 150% from its March low while the precious metal has gained 15%. Both performances mark notable gains for the assets.

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Gold Bug Peter Schiff Says Bitcoin Is 'Unlikely' to Reach $25,000

Peter Schiff insists that the Bitcoin price cannot go high enough for him to 'panic-buy' the top crypto

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Bitcoin Sees Small Gain as Gold Rallies to One-Month High

Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.

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High Leverage and Tight Spreads Make CryptoAltum a Worthy Contender in Crowded Crypto CFD Space

The new Marshall Island-based crypto derivatives trading platform is making a wave in the trading community by offering attractive trading opportunities. Less than a year old, the CryptoAltum platform is a feature-rich CFD trading platform with a range of trading instruments including Cryptocurrencies, Forex, Equity Indices and Gold.

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Comparing Bitcoin’s Recovery to That of Gold and Oil

Since the March 13 drop, both Gold and Bitcoin have recovered the entirety of their losses and have created new highs. The price of Oil, however, has yet to recover, currently trading 30% below its March high.

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Top 3 Reasons Gold (XAUUSD) Is Ready to Set a New All-Time High

While Bitcoin investors, traders, and enthusiasts are watching and waiting for the cryptocurrency to set a new all-time high, gold, the physical asset that it shares the most similarities with may beat it to the punch.

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Bitcoin Led Stock Rally on “No Limit” Fed Comment

Stocks have gone very green today. Footsie up 3.8%, Dow has just began trading and is up 3.4%, oil is nearing a high since it collapsed, while gold is down.... The post Bitcoin Led Stock Rally on “No Limit” Fed Comment appeared first on Trustnodes.

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Silver & Gold: Precious Metals Tapping New Highs Bodes Well For Bitcoin

This week, silver saw a 5% gain and revisited a 3-month high. Gold set a new eight-year high, reaching over $1,750 per troy ounce. The boost in precious metals also bodes well for Bitcoin, which has been rising in tandem.

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Bitcoin Close to $10,000 level as Gold hits a Seven-Year High

Bitcoin’s price has retracted after coming close to breaching $10,000, while a positive outlook from the Federal Reserve comes as Gold hits its highest price level in seven years Bitcoin came close to breaching $10,000 in early morning trading on Monday, as buyers pushed the coin to $9,966 on Bitstamp.

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Bitcoin Battles for $10K as Gold Prints Over 7-Year High

Bitcoin's upward move looks to have stalled amid gold's rally to 7.5-year highs. But analysts think it's only a matter of time before bitcoin begins drawing stronger haven demand.

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Bicoin is a Better Store of Value as Gold’s Correlation With S&P 500 Rises to 18-Month High

Bitcoin rallied from $3,800 to $10,000 in two months of volatile trading. The maligned cryptocurrency outperformed its hedging rival Gold on a year-to-date timeframe. Gold underperforms as its correlation with the S&P 500 index grows to an 18-month high.

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Bitcoin Critics Lampoon Latest Price Plunge, Claim Whales Are Responsible

Many crypto market pundits are sure that the Bitcoin price will skyrocket sometime after the halving, they claim six months to two years for Bitcoin to soar past a new all-time high price. However, in reaction to the recent price drop, Gold bug, and Bitcoin-hater, Peter Schiff uncovers the possible whale’s inner sentiment. The large […]

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Gold’s Demand as a Safe Haven Rises in the West But Falls in the East Due to COVID-19: WGC

Trading near a seven-year high, gold is heading for its biggest monthly gain since 2016 as central banks ramp up the stimulus to keep up the economy after being damaged by the coronavirus pandemic. Gold rallied in 2020 as investors sought safe haven amidst the unprecedented monetary stimulus sparked concern about currency debasement. The bullion […]

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Explosive Gold Price Exposes Harsh Reality of Stock Market Rally

Gold is rallying towards its record high and Treasury yields are falling. Yet, the U.S. stock market is up 32% since March 23. The post Explosive Gold Price Exposes Harsh Reality of Stock Market Rally appeared first on CCN.com

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Gold Markets Remain Out of Sync Despite High Demand

Gold has been a hot trade recently, but two of the leading markets for the precious metal are out of sync. Gold is up in the past month some 16%. Demand has been high, but markets are struggling to keep up.

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Stocks, Bitcoin Falls, Gold Rises as Half of Europe Starts Opening Up

Dow Jones dropped by 2% while bitcoin fell by $500 at some point before settling at $6,700. That’s while gold has seen an increase to a new recent high above... The post Stocks, Bitcoin Falls, Gold Rises as Half of Europe Starts Opening Up appeared first on Trustnodes.

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It’s Bitcoin’s Biggest Test, As Fed’s Money Printer Goes Brrrr: BitMEX CEO Arthur Hayes

Cryptocurrency derivatives exchange BitMEX co-founder and CEO Arthur Hayes in his latest newsletter talked about the current economic environment with high inflationary expectations. According to him, while gold is set to shine in this changed economic regime, it is Bitcoin’s “biggest opportunity.

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Bitcoin’s Correlation with S&P 500 Jumps to A New High, But So Does With Gold

The price of Bitcoin has jumped nearly 90% since hitting a year low in mid-March, currently trading above $7,300. Not just price, the hash rate has also started coming back up, increasing by 7.3%. This means inefficient miners have started to capitulate and are being replaced by efficiency miners, “which is positive for the long-term […]

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Paxful P2P Exchange Rolls Out Bitcoin Trading With Gold After High User Demand

The Peer-to-Peer (P2P) crypto exchange Paxful has launched trading between Gold and Bitcoin (BTC) in response to customer demand. The service offers a transfer procedure and a swap option. The parties need to negotiate terms first, after which the transfer of gold will take place in person. The BTC holder has to send the funds […]

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Despite COVID-19 Sell-off, BTC’s Correlation With Gold Has Increased, Hinting At A Growing Safe-Haven Status

In the past few weeks during the COVID-19 pandemic, we saw the correlation between bitcoin and the stock market surging to a new high. However, according to Gabor Gurbacs, a digital asset director at VanEck, bitcoin’s correlation to gold also jumped in 2020.

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$670M Bitcoin Transaction Pays 26c Fees (Try That, Gold)

As a vehicle for moving huge sums of money around the world quickly and cheaply, Bitcoin is second to none. The latest example involves a high roller saving on bank wire or other transaction fees, paying just 26c to transfer a massive $670 million.

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How Bitcoin was Able to Beat Gold’s Recovery as Coronavirus Crisis Mounts

Prominent economist Peter Schiff lately compared the performances of Bitcoin and Gold amidst the deepening financial crisis, noting traders who bought the cryptocurrency at its year-to-date high are sitting at 70 percent losses while those who purchased Gold at its yearly top suffered a comparatively dwarfed loss of 14 percent. But looking at their subsequent...

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'Bitcoin and Gold are money, while fiat is currency'

Given the recent market situation, many traditionalists are looking towards investments that yield high returns. Bitcoin is never far from this conversation; crypto embracement comes with the subsequeThe post 'Bitcoin and Gold are money, while fiat is currency' appeared first on AMBCrypto.

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Mike Novogratz Says Gold’s Rally Is Just Getting Started, Cheers Bitcoin

The gold price is once again approaching its local high of close to $17,000. Long-time Bitcoin advocate and Galaxy Digital CEO Mike Novogratz is expecting the rise to continue into the future. As BeInCrypto reported last week, the price of gold took a serious hit as part of a wider selloff across global markets.

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Gold Nears All-Time High, Bitcoin Price Likely To Follow

Gold is closing in on its All-Time Highest (ATH) price following a remarkable reversal of fortunes over the past few days. The asset is on an upward trajectory and is on track to reach its ATH valuation of $1,870 per ounce recorded in Sept.

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Stocks Limit Up, Gold Revisits High, is Bitcoin About To Pump?

Over the last month, as the coronavirus continues to have a devastating impact on the economy and markets, stocks, gold, Bitcoin, and other cryptocurrencies all saw record-breaking collapses. However, today, multiple stock indexes limited up, and the safe-haven asset gold has reclaimed previous highs.

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Bitcoin (BTC) May Never Make New High: Peter Schiff

Major Bitcoin critic Peter Schiff has criticized BTC again, despite the overnight price surge of 18 percent, and stated that gold is in a bull market

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Though Riskier Than Gold, Bitcoin Is Still Strikingly Bullish

A few days ago, in light of the coronavirus pandemic that has been crippling world economies, Bitcoin took a nose-dive and plunged from a high of $10,500 all the way down to below $5k before beginning an upward move that has seen it top the $6k mark.

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Bitcoin mining difficulty hits a new high at 16.55 TH/s

Digital Gold, Bitcoin's value has been getting slashed since 8 March, at press time, BTC price fell by 15.75% and was at $7,835.68. The bear attack has many analysts and traders alike thinking that itThe post Bitcoin mining difficulty hits a new high at 16.55 TH/s appeared first on AMBCrypto.

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Bitcoin falls, Gold follows; Is Gold still a safe haven?

Bitcoin has been noting a very bearish sentiment in the market lately, with the coin tumbling down from its high value to the pits of $8k. This sudden fall in the price of Bitcoin was speculated by maThe post Bitcoin falls, Gold follows; Is Gold still a safe haven? appeared first on AMBCrypto.

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Bitcoin - Gold correlation hits 14-month high; SPX in retreat

Yup, we're back to the safe-haven days. Digital gold and tangible gold are mounting a partnership as the global stock markets take a massive beating. The correlation between Bitcoin and gold has juThe post Bitcoin - Gold correlation hits 14-month high; SPX in retreat appeared first on AMBCrypto.

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Bitcoin and Oil show volatility convergence, price divergence

Undoubtedly, 2020 will be a key year for Bitcoin in the macro-economic market. Competing with store-of-value assets like gold, oil, and market indices, as well as high market-cap stocks while vying foThe post Bitcoin and Oil show volatility convergence, price divergence appeared first on AMBCrypto.

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Will Bitcoin Usher an Era of Digital Commodities Trading?

Bitcoin has shown that it can be used as a hedge against risk. Gold’s latest ascent has presented a scenario for safe-haven investments, and this trend may boost the case for owning $BTC. Gold Prices Peaked at Seven-year High, Rapid Growth in Past Six Months Gold has marked a seven-year high above $1,600, after growing rapidly in the past year.

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Gold Hits 7-Year High As Investors Jump into Safe Haven Assets But Bitcoin Not Following

The yellow metal is flying just like altcoins. Gold hit a 7-year high as investors rush into the safe haven trade. On Thursday, gold rose to $1,621. 60 per ounce, its highest level since Feb. 2013.

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Gold Price Hits 7-Year High as Fed Scrambles to Curb Rate-Cut Mania

Gold is outshining other financial assets on Thursday. The yellow metal rose for a sixth consecutive day en route to fresh seven-year highs. The post Gold Price Hits 7-Year High as Fed Scrambles to Curb Rate-Cut Mania appeared first on CCN.com

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Dow Sways After Gold’s Surge Sends the Stock Market a Warning

Gold hit a seven-year high overnight as investors hunt for safety. Is this an alarm bell for the U.S. stock market? The post Dow Sways After Gold’s Surge Sends the Stock Market a Warning appeared first on CCN.com

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Dow Futures on Edge after Shining Gold Sends Stock Market Warning

Gold hit a seven-year high overnight as investors hunt for safety. Is this an alarm bell for the U.S. stock market? The post Dow Futures on Edge after Shining Gold Sends Stock Market Warning appeared first on CCN.com

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Bitcoin is Gold on Steroids that would Make an All-time High by Halving: Galaxy Digital CEO

Earlier this week, Bitcoin breached $10,000 and since then we have been keeping above this level. The digital asset is up 40% in 2020 so far and according to Michael Novogratz, the founder, CEO and chairman of Galaxy Digital that invests in cryptocurrency, it could further continue its upward trend and “by the end of […]

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Explosion in Coronavirus Cases Sends Gold to 10-Day High

Gold rallied on Thursday amid reports that China's coronavirus epidemic is much worse than initially believed. The post Explosion in Coronavirus Cases Sends Gold to 10-Day High appeared first on CCN.com

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Forget Gold, Bitcoin is Tailing Global Equity Sentiment

Bitcoin’s correlation with Gold reached a record high at the heights of the US-Iran tensions earlier this year. As both the assets rose in tandem against the gloomy geopolitical sentiment, leading experts said the cryptocurrency is behaving like a safe-haven asset.

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Bitcoin expected to be riding high by institutional investors

Everything seems to be on the up and up. Vegeta memes are back, Bitcoin is giving gold a run for its money, and Twitter has added a Bitcoin hashflag. It's only a matter of time that the five-figure foThe post Bitcoin expected to be riding high by institutional investors appeared first on AMBCrypto.

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Bitcoin in market and metrics outshines gold

Yet another battleground for Bitcoin and gold. In 2019, while the yellow metal saw a consistent rise, reaching a 6-year high, its luster, in the face of Bitcoin's massive rise, on the fundamental and The post Bitcoin in market and metrics outshines gold appeared first on AMBCrypto.

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Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why

The price of gold looks poised to breakout of new seven-year highs this quarter as fear, uncertainty and doubt grips financial markets. The post Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why appeared first on CCN.com

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