Gold and Bitcoin eye inflation-adjusted all-time highs... but it's taken gold 40 years

Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980.

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Gold is Being Dumped by Investors for Bitcoin; BTC Black Friday Sale Draws in New Buyers

The yellow metal continues to get hammered. Today, gold fell further to $1,764, down 15% from its all-time high of $2,075 in early August, recording losses for four months in a row now. November is on track to be bullion’s worst month since Nov.

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Bitcoin Decoupling from Gold in Push for All-Time High

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First Mover: Why Bitcoin Isn’t a Replacement for Gold Just Yet

Bitcoin's price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.

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Here’s Why Bitcoin and Gold are Getting Hammered while The Stock Market Hits New All-Time Highs

On Monday, US markets saw one of their strongest openings in months on the back of progress on the COVID-19 vaccine and Democrat Joe Biden’s electoral victory. Markets soared even before they opened and after that, it was all-time new highs.

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Why The Upcoming US Election is Bitcoin’s Biggest Risk

Bitcoin broke up through $12,000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election.

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For Bitcoin, Gold could emerge as an unlikely saviour

A few weeks back, Gold's 1-month correlation with Bitcoin reached an all-time high of 68.7%. That was a strong period for both these assets, especially since both were noting significant hikes in valThe post For Bitcoin, Gold could emerge as an unlikely saviour appeared first on AMBCrypto.

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Another 15% Pullback for Bitcoin? Several Factors Indicate a Bearish Move

Markets remain the same. Both Bitcoin and gold are acting alike, taking a hit. While bitcoin went down under $11,150, the bullion has fallen to $1,913 level. Meanwhile, the S&P 500 surged to hit yet a new all-time high at 3,443, which is 1.

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Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Gold–BTC correlation drops 20% one week after hitting all-time high of 68%, correlation metrics are often misleading for investors.

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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 and Bitcoin Reverse Direction as Treasury Yields Jump

The value of gold and Bitcoin reversed direction late Tuesday, as increases in Treasury issuances have driven yields higher. Gold prices saw the largest single-day drop in seven years, after hitting new all-time highs above $2,000.

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Bitcoin & Gold Crashes as S&P 500 Races towards All-Time High

After making a bullish start of the week, by surging past $12,000 only to drop, bitcoin is continuing its descent. The largest digital asset has gone down to under $11,300 in red by 2. 76% while managing $2.

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Bitcoin Gains Independence From the Traditional Markets to Move in Line with Gold

Ever since last month, the one-month correlation between Bitcoin and S&P 500 has been on a constant decline, going from an all-time high of 78.8% on July 8th to now just at 26%. While the equities market is continuing on its upwards trend with a few retracements along the way, after trading sideways for close […]

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JPMorgan: Young Investors are Pouring Money into Bitcoin at a Rapid Pace

Investors are beginning to turn towards “hard assets” like gold and Bitcoin to protect their capital from imminent inflation resulting from the massive money printing seen across the globe. This demand has driven gold’s price to a fresh all-time high of over $2,000 per ounce that was just set yesterday. It is also likely one […]

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Gold Price Scales to New Heights, Silver May Rise Even Higher

Coinspeaker Gold Price Scales to New Heights, Silver May Rise Even HigherGold price has so far reached its all-time high after crossing $2,000 level easily. Despite the fast rally, analysts anticipate silver price to outperform it.

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Gold Sails Over $2,000 While Economic Fears Persist

The price of gold finally managed to break above the precarious $2,000 level during trading Tuesday, marking a new all-time high for the precious metal. The rapid pump from the previous all-time high of $1,900 reflects the growing concerns that the market has regarding the current economic outlook.

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Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’

Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher.

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How “Picture Perfect” Macro Uncertainty Will Keep Gold, Bitcoin Trending

This week, the United States Senate introduced another stimulus package that would add more than $1 trillion to the Fed’s already ballooning balance sheet. In response, gold reached a new all-time high, and Bitcoin soared to $11,000.

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Goldman Sachs Says U.S. Dollar Could Lose Its Status of World’s Reserve Currency, Bullish on Gold

Coinspeaker Goldman Sachs Says U. S. Dollar Could Lose Its Status of World’s Reserve Currency, Bullish on GoldGoldman strategists said that the fragile economic condition, with interest rate at an all-time low, and the uncertain political scenario, have added to the instability of the USD showing signs of real concerns for it to continue as the world's reserve currency.

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Goldman Sachs Warns US Dollar Risks Losing World Reserve Currency Status, Gold and Bitcoin Soar

Goldman Sachs has warned that the U. S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows.

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Gold Reaches All-Time High as Bitcoin Breaks Above $11k

The precious metal has gained roughly 28% this year. Bitcoin is up 13% in 24 hours.

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Crypto News Roundup for July 27, 2020

With BTC breaking out, ETH exploding and gold at all-time highs, CoinDesk's Markets Daily is back with another crypto news roundup.

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Gold Smashes Through a New All-Time High, Is It Time for Bitcoin Now?

The precious metal didn't just break its all-time high but smashed through a new one. Gold has been going up since around mid-March when its prices crashed to about $1,465 in a coronavirus induced sell-off along with the stocks and bitcoin.

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Gold, Stimulus and a Futures Gap: 5 Things to Eye in Bitcoin This Week

Gold builds on all-time highs as markets wait for news from the U.S. Federal Reserve and Bitcoin price volatility returns — where will it go?

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Massive Global Stimulus Drives Gold to Near All-Time Highs

In the wake of the largest stimulus spending in history, prices for store-of-value (SOV) assets have increased dramatically. These assets include precious metals like Gold, as well as the top-dog cryptos Bitcoin and Ethereum.

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Bitcoin and Ethereum Follow Gold as Precious Metal Aims for All-Time High

Bitcoin and Ethereum have piggybacked gold as the safe-haven asset is just one move away from smashing its all-time high. As major cryptos followed the precious metal’s rally with only...

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If Not Now, Then When? Bitcoin Stuck While Gold, Silver, & Stocks Poised to Make New All-Time Highs

Bitcoin snapped a month of low volatility after spiking 3% yesterday. Although a small move, it was in the upward direction and after many weeks of no movement that had the market in elation. Also, it broke a level of temporary resistance.

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As Silver Smashes 6-Year High, Peter Schiff Calls It The “New Bitcoin”

While bitcoin is yet to fully break out and is trading circa 50% below its all-time high of $20,000, silver has rocketed to a record high. Euro Pacific chief Peter Schiff who has always drawn comparisons between bitcoin and his beloved yellow metal, gold, took to Twitter today to mock the top crypto over its […]

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Galaxy Digital’s Mike Novogratz Urges Investors To Buy More Gold Than Bitcoin — Here’s Why

Gold is aiming for a new all-time high after zooming past $1,800. The last time the precious alloy breached this level was back in September 2011. Following this impressive rally, gold is now approximately 6% shy of its lifetime high.

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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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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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Fund Manager: Bitcoin’s Perfect Storm Is Here Because of “Reckless” Fed

Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally. Many have put their faith in the Bitcoin block reward halving, which came to pass earlier this week, but more and more are becoming convinced that it is (somewhat ironically) central banks and governments that will start the next bull market to all-time highs for both gold and Bitcoin. […]

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Gold Price Blings 4-Week Highs as Analysts Predict $3,000 in 2021

Gold price has hit four-week highs as the Dow Jones continues to struggle, threatening to break all-time highs set in 2011. The post Gold Price Blings 4-Week Highs as Analysts Predict $3,000 in 2021 appeared first on CCN.com

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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 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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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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Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High

Bitcoin is possibly becoming a safe haven asset. It's rising with gold as tensions in Iran grow & may be in early stages of parabolic advance. The post Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High appeared first on CCN.com

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Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated Asset

Coinspeaker Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated AssetAs U. S. stocks recently hit new all-time high, famous gold bug Peter Schiff provided his sarcastic remark that Bitcoin price doesn’t correlate with the performance of other asset classes.

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Bitcoin and Gold Take a Beating while Stock Market Books a Winning Streak

The Dow Jones Industrial Average notched its 12th record close of 2019, the S&P 500 marked its 23rd and Nasdaq Composite recorded its 17th all-time high in 2019. All three of the benchmarks booked gains on Monday.

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Gold Price Rips Lower After Massive Selloff as Dollar Spikes, Dow Hovers Near All-Time High

Gold plunged 1. 5% on Tuesday as risk-off assets suffered. U. S. services PMI improved more than expected in October, according to the Institute for Supply Management. U. S. dollar hits three-week high against a basket of currencies.

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What Gold’s Massive Rally Tells Us About the Stock Market

Gold and stocks are rallying in lockstep with each other. Appetite for gold is driven by safe-haven demand despite surging stock prices. Analysts believe the gold bulls still have the upper hand in 2019.

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Bitcoin Options Market: 10% Chance BTC Trades at $20,000 in June

The recent Bitcoin (BTC) jump from $7,300 to $9,700 has renewed bullish expectations. Just three days ago, you had analysts calling for a return to the $3,000 lows — gold bug Peter Schiff even noted that $2,000 was in the cards; now, all eyes are on new all-time highs for Bitcoin.

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Bitcoin is Currently The Most Undervalued Asset: Crypto Management Firm’s Founder Travis Kling

“BTC is the most undervalued asset in the world today,” while equities, bonds, precious metals, real estate, and venture capital are all near their all-time highs, says Ikigai founder Travis Kling. Hitting New Peaks The yellow metal, gold recently jumped to a fresh six-year high and is now trading near this level. Experts believe the […]

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Satoshi Nakaboto: ‘Bitcoin network shifted the equivalent of 412 tons of gold in one day’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.

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Dow Shivers Paralyzed with 'Screaming' Stock Market Warning Signs

Dow Jones futures were paralyzed in early trading Tuesday as major warning signs flashed across the broader stock market. The market is in the bizarre position where all asset classes are firing on full power.

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Gold Bug Peter Schiff Celebrates Metal’s Pitiful Gains, Bashes Bitcoin

By CCN Markets: Longtime crypto critic and gold proponent Peter Schiff is excited. He’s not happy due to the stock market hitting new all-time highs or bitcoin prices surging but rather by a microscopic advance in the price of gold.

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Winklevoss: ‘You Can Bet’ Bitcoin Price Will Hit $15k After $10k

Bitcoin price will have little trouble hitting $15,000 once resistance at $10,000 falls, Tyler Winklevoss believes. Bitcoin ‘Cheap Until It Disrupts Gold’ Writing on social media as Bitcoin price circled $9250, one half of the Winklevoss twins forecast that the cryptocurrency’s trajectory would see it home in on its 2017 all-time high of $20,000.

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Bitcoin Outperforms Nasdaq 100, S&P 500, Grows Whopping 37% in 2019

Since January 1, according to OnChainFX, the bitcoin price is up 37 percent year-to-date against the U. S. dollar, outperforming most indices including the S&P 500 and the Nasdaq 100. 2019 Returns…Oil $USO: +38%Bitcoin $BTC: +35%Nasdaq 100 $QQQ: +21%REITs $VNQ: +19%MLPs $AMLP: +18%Small Caps $IWM: +18%S&P 500 $SPY: +17%EM $EEM: +14%EAFE $EFA: +13%Commodities $DBC: +13%High Yield $HYG: +9%Investment Grade $LQD: +6%Bonds $AGG: +2%Gold $GLD: +0.

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Dow Nears All-Time High but 3 Party-Crashing Warning Lights are Flashing Red

The Dow Jones Industrial Average is within touching distance of an all-time high after climbing 13 percent alone in 2019. It marks one of the best first quarters on record for the Dow, but traders should be cautious as several warning lights flash red.

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