Bitcoin-Gold Correlation Hits Record High as Institutions Buy Crypto
Bitcoin-gold correlation has hit a new all-time high; it will remain high for as long as the global economy suffers from the Covid-19 fallout.
Simon Chandler September 22, 2020
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Bitcoin-gold correlation has hit a new all-time high; it will remain high for as long as the global economy suffers from the Covid-19 fallout.
Bitcoin’s price rose Thursday after Anthony Pompliano announced CNBC’s Jim Cramer has been convinced to invest in BTC.
Dave Portnoy has bought $200,000 in bitcoin after talking with the Winklevoss twins, and even plans his own “DaveCoin” cryptocurrency.
Is Dave Portnoy ready for the crazy crypto world the Winklevoss twins are about to show him?
After months of quiet, the bitcoin price has exploded higher in the last 48 hours. It’s now trading above $11,200 for the first time since 2019.
If the Twitter hack proved anything, its that Bitcoin still only has one proven use case: crime. That is not going to change anytime soon.
Leading crypto exchange Coinbase is readying a public listing and you can already smell the FOMO. Wall Street will do anything for a new growth story.
Bitcoin’s spot price is knocking on $10,000 and its average yearly price just hit record highs. More good news for BTC post-halving?
If a stimulus check was invested in Bitcoin (BTC) in the first week it was sent out by the IRS, it is now up by 36%.
In less than 10 hours, the Bitcoin halving will be activated. But, whales seem to be taking the opportunity to dump on the market.
Bitcoin and Beyond Meat stock are trading in a remarkably similar pattern and investors on both sides are unlikely to enjoy the comparison.
Famed investor Paul Tudor Jones has thrown his weight behind bitcoin mere days before the quadrennial halving.
Jack Dorsey’s flirtation with bitcoin is becoming a full-on affair – but the Twitter CEO is love-blind if he can’t see bitcoin’s blemishes.
Bitcoin is back to being the best-performing asset. There are a few competing theories on how it got there.
Evidence shows that whales are buying the massive bitcoin dip. Bitcoin’s digital gold narrative was crushed recently. That status may return.
One bitcoin trader lost 1,220 BTC on March 12, when the price of the dominant cryptocurrency fell by 50 percent in a single day.
The brutal stock market and S&P 500 selloff is killing other asset classes. Bitcoin plunged by nearly 40% in the last 24 hours.
Bitcoin’s price plunged alongside stocks on Monday, proving once again it’s no safe-haven asset during this extremely volatile period.
Gold rebounded sharply Sunday evening and is showing signs of fulfilling its role as a global safe haven. Bitcoin, on the other hand, is not.
Euro Pacific chief Peter Schiff says bitcoin is in a bubble and will crash to $3,000 before spot gold surges to that level. He’s wrong.
A 2013 video depicting a EU minister’s tirade against the global banking system has gone viral and it’s more relevant now than ever.
Bitcoin’s golden cross is bullish. Statistics reveal that it may post a new all-time high in six months. Analysts say it’s possible.
As coronavirus continues to spread mass panic around the globe, its impact on bitcoin is becoming more and more evident.
Google Trends data reveal that “bitcoin halving” is trending. Some believe that bitcoin will soar after the halving generates media hype.
What’s especially terrifying is that the misclassification of in-game currencies is probably the result of ignorance. How different will future regulation be from traditional cryptocurrency rules?
Expansion of the Fed’s balance sheet will lead to low or negative yields. Investors will seek assets that are scarce, like bitcoin.
Cryptocurrencies achieved an important milestone Wednesday, as the total market cap crossed $300 billion for the first time since August.
The price of bitcoin soared after Jerome Powell acknowledged that systemic threats have triggered a lot of digital currency projects.
Due to a significant uptick in Tesla stock, a new narrative has emerged: TSLA is—apparently—the new bitcoin. But is there any truth to this?
Bitcoin’s “golden cross” formation suggests further upside is likely for the leading digital currency.
Bitcoin launched toward $10,000 on Thursday while altcoins extended their recovery, painting a positive picture of the crypto market.
Mincraft players can now compete to find hidden Bitcoin in a crypto treasure hunt. But will SatoshiQuest withstand another BTC fee hike?
Research firm Glassnodes came up with new metric for bitcoin adoption. This metric may breakout and foreshadow next bull run.
For bitcoin to unlock its full potential, we need a holistic approach to regulation. Here’s why Andrew Yang could be bitcoin’s only savior.
Is bitcoin becoming the preferred safe haven of digitally-savvy investors? Some analysts seem to think so. Others aren’t so convinced.
Bitcoin is the hotmail of the cryptocurrency world, according to altcoin maximalist John McAfee, who says BTC is the real sh*tcoin.
Bitcoin Cash just dodged a hash war after a major mining pool supporting the BCH mining tax reversed its stance on the issue.
The spread of coronavirus has investors turning to safe haven assets. Surprisingly, bitcoin appears to be one of them.
Bitcoin could be people’s only recourse against central bank-induced hyperinflation, an Ikigai analyst claims.
Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets, thereby boosting scalability and BTC’s value.
The road to becoming the next Bitcoin is beset on all sides by the worst scammers, opportunists and manipulators of the cryptocurrency world.
The bitcoin cash community has been splintered by the sudden introduction of a 12.5% miner’s tax. Is BCH digging its own grave?
The altcoin market cap may be bottoming out. One trader suggests that alternative cryptos are mirroring bitcoin’s 2011-12 cycle.
Peter Schiff admits that he mistook his PIN for his password. Claims he never knew his password. He’s running a smear campaign against BTC.
As it announced a decision to close down last year Bitcoin firm CoinExchange expressly stated it wasn’t caused by a security breach.
Charlie Bilello highlights returns of Mastercard and Visa in attempt to bash bitcoin. Bitcoin outpaced in returns but not in transactions.
Bitcoin SV creator Craig Wright says Kleiman’s lawyers will find nothing in his latest court submission – because he gave them nothing!
John McAfee disowned his prediction that bitcoin will reach $1 million, but there’s reason to believe this is one of his publicity stunts.
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