The largest digital currency, Bitcoin, managed to set a new record, surpassing the October peak beyond $68,000 Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of …
Read More »Bitcoin’s slide from record highs evidencing volatility
The price of one Bitcoin fell more than 5% Wednesday and was trading around $59,000, 12% below its record high only one week ago.Similar steep drop for any other financial, like a stock or bond within such a short time would mean a market correction. For bitcoin, it is just …
Read More »Long term Bitcoin holders continue maneuvering
Bitcoin traded within a significantly tight range on Tuesday as extreme bullish sentiment appears to retreat. The cryptocurrency was trading at around $62,000 is roughly flat over the past 24 hours.The Bitcoin Fear & Greed Index is starting to decline from its highest level in more than seven months, and …
Read More »Bitcoin closes at record high, day after U.S. ETF launch
Bitcoin drifted just below its record highs on Wednesday, only one day after the launch of the first U.S. bitcoin futures-based exchange traded fund (ETF), to evidence that the new product was entirely meaningful for bitcoin. The world’s leading cryptocurrency displayed good performance at $64,257, and got higher during the …
Read More »NYSE: First Bitcoin Futures ETF rises 2%
Shares of the first U.S. bitcoin-linked fund rose slightly on their first trading appearance on Tuesday.The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ jumped 3% when trading began and last traded 2.3% higher at $40.94. The fund tracks CME bitcoin long awaited futures, or contracts speculating on the future price of …
Read More »Gold Rises With The Decline in The Dollar And US Bond Yields
Gold futures fell on Friday, on pace to halt a three-session climb, as Treasury yields and U.S. benchmark stock indexes rose, Gold prices rose on Tuesday, October 19, as the dollar and US Treasury yields fell, providing some support for the precious metal despite the trend of central banks to …
Read More »Gold Catches Its Breath
Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled. Gold futures were down 0.03% at $1,767.75, to offset losses after dropping 1.6% on Friday. The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on …
Read More »Gold futures slide as prices eye strongest weekly gain since August
Gold futures fell on Friday, on pace to halt a three session climb, as Treasury yields and U.S. benchmark stock indexes rose, but the recent run-up in the precious metal set prices up to post the best weekly advance since August. The selloff Friday followed gold’s inability to hold above …
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