Jim Iuorio for CME Group highlights the growing trend of global central banks, especially in China, India, and Russia, accumulating gold at record levels. While gold has surged by 67% since late 2022, Bitcoin’s value has increased by nearly 400% but is now facing a downturn, reflecting a shift in investment preferences. Factors contributing to ...
Michael Saylor’s Strategy, one of the largest corporate holders of Bitcoin, recently made a significant purchase of 6,556 Bitcoin for $555.8 million, as the cryptocurrency approaches $85,000. This acquisition, which was funded by proceeds from stock offerings, brings Strategy’s total Bitcoin holdings to 538,200 BTC, acquired for an average price of $67,766 per coin. This ...
The U.S. dollar has dropped to its lowest level since 2022, falling to 97.92 on the ICE U.S. Dollar Index. This decline is attributed to growing investor concerns over tensions between President Trump and the Federal Reserve. Criticism from Trump towards Fed Chair Jerome Powell, along with discussions about possible changes in leadership at the ...
Bitcoin has experienced a positive shift following a recent bullish breakout. After a week-long consolidation between $83,000 and $86, Bitcoin surged past $87,000, with analysts focusing on the next significant resistance range of $90,000 to $92,000. This level previously served as a strong support zone before a decline in late February. The breakout also suggests ...
Gold and Bitcoin have surged significantly following a statement from former President Trump, who emphasized the power of wealth in negotiations. Gold reached an all-time high of $3,384, while Bitcoin jumped to $87,500. This sharp increase in both assets suggests growing Market uncertainty and a weakening US dollar. Analysts note that this simultaneous rally may ...
Gold surged to a record price of $3,384, and Bitcoin climbed to $87,500 after former President Donald Trump stated, “He who has the gold makes the rules.” This statement sparked a notable Market reaction, highlighting the interconnectedness of these assets amid rising economic uncertainty and a weakening US dollar. Analysts have observed that both gold ...
Bitcoin is showing unprecedented correlation with the US dollar, with analysts suggesting a possible price floor of $75,000. Economist Timothy Peterson predicts that Bitcoin could potentially soar to $138,000 within the next three months, based on historical data that shows a 71% chance of price increases when specific economic conditions are met. He notes that ...
Bitcoin’s price is expected to become much more volatile as a large number of coins are moving on-chain. According to CryptoQuant, approximately 170,000 BTC, owned by people who bought them three to six months ago, are starting to circulate. This movement often indicates that significant price changes are about to happen. Short-term holders, who are ...
Glassnode, an on-chain analytics firm, has reported that Bitcoin has not yet confirmed a historical bear Market in the current cycle. The report highlights that long-term holders of Bitcoin are not experiencing significant unrealized losses, a key indicator often linked to bear Market transitions. While short-term holders are currently seeing increased losses, long-term holders, who ...
Recent declines in the US dollar, with the DXY hitting 99.72, highlight increasing trade tensions with China. This situation complicates the usual belief that a weaker dollar could benefit stocks by making US exports cheaper and attracting foreign investment. Currently, falling stock prices and rising bond yields defy traditional Market dynamics, indicating a shift in ...
