Bitcoin Slides Below $63K, Diverging from Gold as Middle East Tensions Flare Up
The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.
Binary trading platforms with better performance and payouts
Gold
The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.
As gold records explosive price growth to new record highs, an analyst has warned that market players should monitor the … Continue reading
The post Is Gold rally signaling a black swan event? appeared first on Finbold.
With both assets leading the market, here’s a closer look at the factors driving their remarkable performance.
Markets are rallying as might be expected on a new rate cut cycle, but crypto continues to struggle.
Bitcoin {{BTC}} is in the midst of a period of negative correlation with gold, signalling a risk-averse environment where investors favor traditional safe-haven assets like gold as opposed to speculative assets.
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.
It depends on what you’re trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.
A crypto trading expert has shared a compelling analysis of the interplay between Bitcoin (BTC) and gold, highlighting the role … Continue reading
The post Here’s how gold will kickstart Bitcoin’s bull run, according to analyst appeared first on Finbold.
Cryptocurrencies, commodities, and stocks are among the most popular risk assets for investment and trade, also leading finance indicators. Bitcoin … Continue reading
The post Bitcoin, gold, or stocks? Senior commodity strategist weighs in on the battle appeared first on Finbold.
Gold (XAU/USD) rallied on July 5, continuing its upward trend as the U.S. unemployment rate unexpectedly rose to 4.1% from … Continue reading
The post Gold rallies amid rising US unemployment and economic uncertainty appeared first on Finbold.