Gold

The total market capitalization has lost about 4 billion of its value in the past few hours, and the question is if this is simply a correction or a trend reversal.At the same time, the precious metal market continues to soar with record gains, particularly silver.Crypto Market Retraces By $4BVolatility returned to some extent for Bitcoin this week. Following weeks of stagnation, BTC firstly broke the resistance at $9,300 and then continue towards conquering $9,500.Bitcoin’s intraday high...

After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts.Bitcoin Is AliveThe last time the primary cryptocurrency stood above $9,300 for more than just a candlewick was on July 9th. Since then, Bitcoin was stuck in its quite familiar range between that level and $9,000.Yesterday, however, BTC showed...

Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic.With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin.Lebanon: How Did It Get Here?The country’s economy is primarily based on services with the tourism sector...

Robert Kiyosaki, the author of “Rich Dad, Poor Dad” is back at it again with his praise of bitcoin, the world’s number one cryptocurrency by market cap.Robert Kiyosaki: Forget About Houses and GoldIn an interview conducted by top bitcoin investor and enthusiast Anthony Pompliano – who just last week convinced comedian Bill Burr to purchase BTC for the first time – Kiyosaki explained to listeners that gold and real estate no longer hold powerful sway in the United States, and that investing in...

For all everybody’s been talking about bitcoin as of late, it looks like gold is on the verge of getting just as much attention.Gold Is Potentially Outdoing BTC in a WayBitcoin and gold are often compared with one another. Bitcoin, playfully referred to as “digital gold” by crypto enthusiasts, is often cited as having aspects and traits that are similar with the precious metal in the sense that it can be used to hedge one’s wealth against inflation and other economic problems, but while...

Bitcoin is once again at the top of the financial ladder. New evidence suggests that the currency has surged by close to 30 percent since quarter one of 2020, and that it has also outperformed many leading assets such as gold, silver, and platinum.Bitcoin Is Still the Financial Leader of the YearWhile tools like gold are usually highly valued by investors everywhere, the asset has not experienced the same price swings as bitcoin over the early part of the year. In March, for example, the...

Some of the biggest investors in the world – like Paul Tudor Jones – have stepped forward at some point this year to speak their praises for bitcoin. Now, a new investor – a major face behind Tesla, the Elon Musk-owned car company – is claiming that bitcoin could potentially serve as the world’s first global currency in the coming years.Bitcoin Could Get Much Bigger Than It IsArk Invest analyst Yassine Elmandjra explained recently:While scarce and durable, bitcoin also is divisible,...

Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately.BTC Between $6k And 10KThe price of the primary cryptocurrency has been on a roller-coaster since the start of the year. It entered the new century at about $7,200, but the bulls quickly took charge and spiked it to above...

Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya recently doubled-down on his advice that people should allocate at least 1% of their portfolio in Bitcoin as protection.He believes that if the asset skyrockets in value, it would be because of rather damaging world events and the lack of proper countermeasures by governments.Palihapitiya: BTC’s Lack Of Fundamental Correlation Is PositiveIn a recent podcast, the former Facebook executive noted that the US Fed and Treasury...

Popular Lebanese-American essayist and economist, Nassim Nicholas Taleb, recently revealed that he has closed his Coinbase account. Taleb, who is also a former options trader and a risk analyst, complained that the US-based exchange was uncooperative in resolving some technical issues. Taleb Closes His Cloinbase Account Apart from being a well-known economist, Taleb is also the author of The Black Swan. It describes impossible-to-predict adverse events in all areas of life and how people...