The last few weeks have been a roller coaster ride for gold. A breathtaking rally to new highs followed by a bone-crunching decline in double quick time. The volatility could spook an average investor. But as Colonel Hannibal Smith (Liam Neeson) often advocates in the Hollywood blockbuster The A-Team – “no matter how random things may appear, there is always a plan!” Nothing happens in financial markets without a reason, and the reason is always financial. The wild ride in gold is going as per plan. The plan is to shake off weak hands and accumulate gold on declines.
digital currency
Bitcoin Fell Below $50,000 Before Bouncing Back—What’s Next?
Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.
This Metal Has Given More Returns Than Bitcoin This Year
There’s one metal that’s leaving all commodities — and even Bitcoin — in the dust this year. The challenge for investors is buying it.
Bitcoin Hit New Record on Sunday, Above $49,000 For the First time
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time.
How is Bitcoin different from gold?
Bitcoin investors are having a wild ride. The best-known cryptocurrency reached a series of records in 2021, just three years after its price collapsed, wiping out more than two-thirds of its value.
Ether Follows Bitcoin to Record High Amid Dizzying Crypto Rally
The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.
Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000
A gauge of the 10 biggest, most liquid digital coins dropped to its lowest this year on Wednesday, triggering a flurry of technical studies. While Bitcoin, the largest cryptocurrency, hasn’t hit a similar trough since June 29, it’s attracting bearish calls as it slips below its 50-day moving average.
Bitcoin is More Like Gold than a Currency
Gold Silver Reports (GSR) – In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago. So what does the future hold for Bitcoin? There are three scenarios:
If You Are Holding Bitcoins In India, Here’s What You Can Do
Gold Silver Reports (GSR) – If You Are Holding Bitcoins In India, Here’s What You Can Do – The Reserve-Bank of India had asked them to stop providing services to firms and individuals who deal in bitcoins and other such virtualMoney. And exchanges got no relief from the Supreme Court. While a bench headed by Chief Justice Dipak Misra agreed to hear the petition by the Internet and Mobile Association of India on July 20, it said the RBI’s order will be implemented.
Bitcoin Debate’s Defeated Bear: Digitized Gold ‘Only Type of Crypto That Can Succeed’
Gold Silver Reports (GSR) – Bitcoin Debate’s Defeated Bear – The two financial thought leaders debated about the top cryptocurrency Bitcoin (BTC) and its underlying-technology blockchain, questioning the potential for mass adoption, and comparing Bitcoin and other cryptocurrencies with other asset types such as fiat money and gold.