Bitcoin and gold are becoming increasingly correlated in conservative investment strategiesMarket trends suggest that investors are turning to gold and Bitcoin as a hedge against uncertain global conditions.
Happy Wednesday!The global crypto market cap is $2.5 trillion, with a 24-hour volume of $243.58 billion. The price of Bitcoin is $66,861.54, and BTC market dominance is 52.6%. The price of Ethereum is $3,801.82, and ETH market dominance is 18.3%. The best-performing sector is Deflationary, which gained 16%. The Crypto Fear & Greed Index is currently Greed (75). Top News
Bitcoin and gold are becoming increasingly correlated in conservative investment strategiesMarket trends suggest that investors are turning to gold and Bitcoin as a hedge against uncertain global conditions. Bitcoin slides almost 9% to $63,150 after setting new ATHBitcoin has given up most of the gains accumulated since the start of the week. SEC request court to take further action after reaching ‘impasse’ with Binance.USThe watchdog claims that Binance.US has failed to meet its legal obligations, while the firm claims it has fully complied with regulatory requests.
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More NewsFunding rates soared as traders bet big on Bitcoin’s future gains before correctionThe cost of holding Bitcoin long positions spiked, pointing to intensified bullish expectations and leverage concerns. SEC uses insider trading judgment to enhance case against Coinbase, BinanceSeveral crypto lawyers have pushed back against SEC's reliance on the insider trading case judgment. Bitcoin ETFs are cheap or ‘How unit bias can extend bullish movement’Spot Bitcoin ETFs have a unit cost under $100 which may be making them more appealing to new investors due to unit bias. Montenegro blocks Do Kwon extradition again following successful appealTerraform Labs and its former CEO Do Kwon legal battles in the US and Montenegro continues with new developments afoot. OpenAI counters Elon Musk’s lawsuit, reveals tech mogul predicted their failureOpenAI defends its for-profit pivot against Elon Musk's accusations.
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quarta-feira, 6 de março de 2024
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Bitcoin and gold are becoming increasingly correlated in conservative investment strategies