Bitcoin’s value is closely tied to the performance of U.S. tech stocks, especially the Nasdaq. Veteran investor Peter Schiff warns that if the Nasdaq enters a bear Market, Bitcoin’s price could drop significantly. Currently, the Nasdaq is down 12%, and Schiff predicts that a further decline could lead Bitcoin to fall to $20,000 or lower. ...
On March 14, Bitcoin (BTC) broke a key support trendline against gold (XAU) that had lasted for over 12 years, raising concerns among analysts about the future of Bitcoin’s bull run. While gold reached a record high above $3,000 per ounce, Bitcoin’s value has dropped by 11% this year. Analysts suggest that this trend could ...
U.S. stocks are experiencing a sharp decline, dragging Bitcoin down with them. The Nasdaq is down 1.7% and the S&P 500 by 1.2%. After reaching nearly $85,000, Bitcoin has fallen back to around $81,000, marking a 1% drop in the last 24 hours. In contrast, gold is thriving, climbing 1.5% to near a record high ...
The U.S. has traditionally relied on gold and oil as its key reserve assets, but Bitcoin is gaining attention as a potential future reserve. The new administration, starting in January 2025, is exploring policies to establish a Strategic Bitcoin Reserve, funded mainly from seized cryptocurrencies. While the U.S. holds significant gold and oil reserves, its ...
The U.S. government has historically relied on gold and oil as reserve assets, but the rise of Bitcoin is changing the landscape. As institutional interest in Bitcoin grows, its potential role as a strategic reserve is becoming more significant. While the U.S. holds a substantial amount of gold and oil, its Bitcoin holdings mainly come ...
Bitcoin is currently experiencing downward pressure, with traders shifting towards safer investments like gold due to rising global economic uncertainties. Recent analysis from The Kobeissi Letter indicates that Bitcoin is no longer considered a safe haven asset. In the wake of new trade tariffs affecting Canada and Mexico, Bitcoin’s price dropped by $10,000 in just ...
Bitcoin is currently experiencing downward pressure, with traders shifting towards safer investments like gold due to rising global economic uncertainties. Recent analysis from The Kobeissi Letter indicates that Bitcoin is no longer considered a safe haven asset. In the wake of new trade tariffs affecting Canada and Mexico, Bitcoin’s price dropped by $10,000 in just ...
Inflation is a constant challenge in economies that use fiat money, making it tough for consumers to manage their finances. As prices rise, the value of cash decreases, complicating budgeting and saving for the future. People must be proactive about inflation by adjusting their expenses and considering investments that can withstand price increases. Strategies include ...
Bloomberg has introduced innovative Bitcoin and Gold Blend Indices, marking a significant step in combining digital assets with traditional commodities. These new indices, the Bloomberg Bitcoin and Gold Equal-Weighted Index and the Bloomberg Dollar, Bitcoin and Gold Equal-Weighted Index, aim to reflect the growing interest in both gold and cryptocurrencies. After a landmark year for ...
Bloomberg has introduced the Bloomberg Bitcoin & Gold Blend Indices, marking a significant step in combining traditional commodities with digital assets. This launch includes two key indices: the Bloomberg Bitcoin and Gold Equal-Weighted Index and the Bloomberg Dollar, Bitcoin, and Gold Equal-Weighted Index. Following a successful year for cryptocurrencies, where over $220 billion in investments ...
