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Bitcoin's Volatility Continues to Decline Against Gold, Says Bloomberg Strategist

Bitcoin's volatility has decreased significantly in recent years, but it still remains higher than that of gold. Bloomberg's senior macro strategist, Mike McGlone, believes that Bitcoin's volatility has more room to decrease, making it less risky. However, this decline in volatility may also mean that Bitcoin is unlikely to experience sudden price jumps or reach all-time highs. Despite this, Bitcoin is gaining more adoption in traditional finance, with BlackRock's spot Bitcoin ETF filing being a recent example.

Bitcoin's Price Stagnant at $29K, Speculation on Push to $30K Amidst Growing Volatility Pressure and Positive Momentum in New Address Creation

The price of Bitcoin is currently hovering around $29K and there is speculation about what it will take to push it past $30K. Despite this, there are new developments in the crypto world and DeFi is still relevant. The article also includes CSS code for a responsive widget container and media queries for different screen sizes.

Bitcoin's Correlation with Gold and Stocks Reaches Lowest Levels in Years, Warns Analyst

The decreasing correlation between Bitcoin and gold indicates that Bitcoin is still far from becoming a store of value comparable to digital gold. The correlation between gold and Bitcoin fell to its lowest level since November, causing a meltdown in the crypto markets.

Central Banks Loading Up on Gold to Battle Inflation Despite Underperforming Bitcoin

Recent research shows that central banks worldwide are buying gold to stay ahead of inflation, with 85 sovereign wealth funds and 57 central banks collectively managing $21 trillion. While gold has long been considered a store of value and inflation hedge, Bitcoin has outperformed it this year. In 2022, central banks made record gold purchases with net acquisitions of 1,136 tonnes, with China and Turkey being the most aggressive buyers.

ASX Unlikely to Directly List Cryptocurrency, but Open to Tokenized Real-World Assets like Gold, Says CIO

June 29 (Cointime) - The Australian Securities Exchange (ASX) is unlikely to directly list cryptocurrencies due to challenges in meeting listing rules, but may consider listing tokenized real-world assets such as gold. The ASX is open to the idea of having a tokenized product listed on its exchange. The ASX is the 16th largest stock exchange in the world by market capitalization and accounted for nearly 82% of the total dollar turnover in local equity market products in Q1 2023. ASX's CIO and group executive of technology and data, Dan Chesterman, reiterated that the decision to pause the blockchain-based upgrade of its clearing and settlements system was not a rejection of blockchain technology.

Bitcoin's $30,000 Support Shows Strength Amid Institutional Inflow and Regulatory Improvements

June 27 (Cointime) - Bitcoin has maintained the $30,300 resistance for the past three days, while gold reached its lowest level in three months. The recent price rally of Bitcoin has been attributed to BlackRock's spot Bitcoin exchange-traded fund (ETF) filing, as well as the ProShares Bitcoin Strategy ETF experiencing its largest weekly inflow in a year.

Bitcoin Remains Store of Value Outperforming Gold Despite Dip to 3-Month Low

Bitcoin has reached its lowest price point since mid-March, but it has still maintained its store of value properties and has outperformed gold by a significant margin this year.

Robert Kiyosaki Predicts Real Estate Crash in 2023, Emphasizes Importance of Bitcoin and Precious Metals

Robert Kiyosaki, the well-known author of "Rich Dad Poor Dad," has reiterated his views on the future of the US economy in a series of tweets. He emphasized the importance of Bitcoin, gold, and silver as crucial investments and predicted that the upcoming real estate crash in 2023 would be worse than the 2008 financial crisis.

De-Dollarization Now Evident As Central Banks US Dollar Reserves Drop to Record Lows

JPMorgan analysts have reported that the trend of de-dollarization is gaining momentum as central banks worldwide reduce their US dollar holdings. The dollar's share in central banks' foreign exchange reserves has fallen to a record low of 58%, while gold's share has risen from 11% to 15% over the past five years.

Bitcoin's Decoupling from Traditional Markets: A Safe-Haven Asset Emerges?

Bitcoin's correlation with traditional market asset classes has decreased, with its correlation with gold dropping to 11% as of May 31st. Over the past three months, Bitcoin has outperformed major commodity assets like crude oil, gold, and silver, with a growth rate of 14.5%.