Gold Financial News

Bitcoin (BTC) reclaimed $41,000 on April 14 as the first day of Western stock market trading after Easter painted a more bullish picture.

Bitcoin (BTC) is in line for a relief bounce but still risks dropping all the way to $30,000 before May, new analysis warned on April 18.

April has historically been one of the strongest months for the crypto market, with bitcoin (BTC) rising by 46% on average, according to major crypto exchange Kraken. However, there are also other ecosystems to look out for, with Avalanche (AVAX) and Terra (LUNA) being among the most promising, argued crypto trading platform ByBit and the on-chain analytics platform Nansen. 

As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff. 

American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset.

Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up.

Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s intended to help market participants verify the authenticity of their bullion.

Now, the big question is, should you be drawing your salary in the form of crypto? Bitcoin has grown extremely popular over the past few years with countries like El Salvador adopting them as legal tender. This has pushed many companies and individuals towards using cryptocurrencies as alternatives to traditional money as it is free from large fees and regulations, complex taxation, and so on. However, if you are planning to look at crypto as an alternative to traditional money as your paycheck, here are some important things you’ll need to evaluate. Crypto as legal tender India received some clarity on cryptocurrency this year, when the government clarified that it might have value but will not be legal tender (just like commodities such as gold and diamonds that have value of their own, but are not legal tender).

Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed.

Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response.

Gabriella Legrenzi, Senior Lecturer in Economics, Keele University; Reinhold Heinlein, Senior Lecturer in Economics, the University of the West of England, and Scott Mahadeo, Senior Lecturer in Macroeconomics, the University of Portsmouth.______ 

digital currency that is backed by a reserve asset like gold or currencies like the US dollar. 2. This pegging to a stable asset reduces its volatility. 3. It has a combination of stability of fiat currency and flexibility of a digital currency.

The world is becoming increasingly volatile and uncertain. The assertion that “inflation is the silent thief” is becoming less relevant. In 2021, inflation has turned into a rather loud and brazen robber. Now, inflation is at its highest in the last forty years, already exceeding 5% in Europe and reaching 7.5% in the United States. The conflict between Russia and Ukraine affects futures for gold, wheat, oil, palladium and other commodities. High inflation in the U.S. and Europe has already become a real threat to the capital of tens of thousands of private investors around the world.

The market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report. 

Bitcoin (BTC) erased then recovered its daily gains later on March 8 as United States President Joe Biden announced a complete ban on Russian oil imports.

In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.

The never-ending debate around bitcoin (BTC) versus gold is once again in the spotlight, as both assets have risen after the onset of the Ukraine war -- and bitcoin’s properties as censorship-resistant money has come back into focus.

Bitcoin (BTC) extended its gains nearly hitting $45K on March 1 as interest rate speculators reduced their bets on aggressive rate hikes in 2022, the number of whale addresses spiked, and amid speculations that BTC is proving itself as an apolitical safe-haven.

Although the price of nearly all risk assets, including bitcoin (BTC) and other major cryptassets tumbled on Thursday as Russia launched a full-scale invasion of Ukraine, some are surprised as BTC performed better than expected and even recovered some of its losses.

As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out.

Bitcoin (BTC) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts.