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Gold
Bitcoin's Dilemma: Follow Gold's Market Beating Rally or Stick With Technology Stocks?
Gold has rallied 10% to record highs this quarter, leaving behind bitcoin and Wall Street's benchmark index, the S&P 500.
Bitcoin Decouples From Gold. Is Crypto in a Bear Market Again?
Data tracked by CryptoQuant shows that the correlation between bitcoin and gold has turned sizably negative of late. Gold has recently been pushing to new record highs above $2,500 per ounce while bitcoin struggles more than 20% below its record level of a few months ago. Has crypto fallen back to a bearish phase? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase
Another technical indicator suggests even tougher times could be in the cards for the crypto market.
Crypto for Advisors: Bitcoin and Gold, Stores of Value
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.
Is Bitcoin Still a Store of Value?
It depends on what you're trying to protect that value from. Market meltdowns like Monday's? No. Confiscation or monetary inflation? Maybe.
Copper-to-Gold Ratio Drops, What Does This Mean for Crypto?
The copper-to-gold ratio, which measures the division of the market price per pound of copper by the per ounce price of gold, has dropped over 8% this month, according to data tracked by TradingView and MacroMicro. The ratio has dipped to its lowest level since November 2020, offering bearish cues to risk assets, including cryptocurrencies. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin Bulls Beware as 'Doctor Copper' Slides Against Gold
"Doctor copper" is losing ground against safe haven gold, signaling economic weakness and risk aversion on the horizon.
Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
Both equities and gold have been trading lower since reaching highs in mid-April, the report noted.
Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ
Gruhn said he bought the watch for his wife, Maren Gruhn, and that they would display the watch in museums, according to the report.
Is Bitcoin a Safe-Haven Asset?
Data from Kaiko shows that recent escalation of the conflict in the Middle East has led to increased demand for safe-haven assets, but bitcoin has not benefited from this trend. The largest cryptocurrency by market cap saw its value drop 6% in April, while gold and the US dollar have rallied. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."