Bitcoin Plummets to $85,000 Amid Gold Decline
On January 29, the leading cryptocurrency sharply fell from $88,000 to $85,000, losing approximately 3.5%. The drop followed a decline in gold prices.
Bitcoin Plummets to $85,000 Amid Gold Decline
On January 29, the leading cryptocurrency sharply fell from $88,000 to $85,000, losing approximately 3.5%. The drop followed a decline in gold prices.
Gold Outperforms Bitcoin Over Five Years
The leading cryptocurrency has entered the "red zone," while gold has gained 4.4% in a day. The market valuation of the precious metal has increased by $1.5 trillion, a figure comparable to the entire market capitalization of Bitcoin.
Gold’s Surge Above $5000 Shifts Crypto Investors’ Focus
In January, precious metals surpassed cryptocurrencies in social media popularity. Investors' attention shifted to gold and silver due to their rising prices.
Tether Amasses $23 Billion in Gold Stored in Swiss Nuclear Bunker
Tether has transformed a former nuclear bunker in Switzerland into a storage facility for its gold reserves. In an interview with Bloomberg, the firm's CEO Paolo Ardoino revealed that the facility is heavily guarded.
Tether Launches Federally Regulated Stablecoin USAT in the US
The company Tether has announced the launch of USAT, a federally regulated "stablecoin" for the US market. The new asset is created in accordance with the Genius Act.
Bitcoin Falls to $86,000 Amid Shutdown Threat; Gold Surpasses $5,000
The Bitcoin price dropped to $86,000 due to macroeconomic concerns. A key pressure factor was the risk of a U.S. government shutdown.
Billionaire Calls Bitcoin an Easy Target for Confiscation
Canadian billionaire Frank Giustra questioned bitcoin’s haven status, arguing it is far easier to confiscate than gold.
Cathie Wood Highlights Bitcoin’s Edge Over Gold
The mathematically limited supply of the first cryptocurrency makes it a more refined scarce asset than gold, according to Ark Invest CEO Cathie Wood.
Bitwise Validates Ray Dalio’s Bitcoin and Gold Strategy
Bitcoin and gold significantly enhance portfolio efficiency when adjusted for risk, noted Bitwise analysts.
Bitcoin’s Correlation with Gold Drops to Zero
For the first time since mid-2022, the 52-week correlation between Bitcoin and gold has fallen to zero. By the end of January, the indicator might enter negative territory.We use cookies to improve the quality of our service.
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