Economist Robin Brooks states that gold has lost its status as a safe-haven asset, now behaving like a pro-cyclical, high-beta asset similar to Bitcoin and the S&P 500. Both gold and Bitcoin have shown rising correlations with equities, reaching over 0.50, which means they drop alongside stocks during risk aversion—contrary to traditional safe-haven behavior. This shift is attributed to a growing retail investor base in gold, who are more reactive to market cycles. Brooks believes this change in gold's market dynamics is permanent, signaling a fundamental shift in how investors should view these assets during economic or geopolitical distress.
Over $615 million in long liquidations, mainly in Bitcoin and Ethereum, caused a rapid crypto market sell-off within four hours, signaling a shift from bullish to cautious trading. Bitcoin fell 3.35% to $61,844, Ethereum dropped 7.46% to $1,654, and ...
Russia's new digital currency law will allow retail investors to buy only Bitcoin, Ethereum, and Tether's USDT, with an annual purchase limit of 300,000 rubles (about $4,000). The Central Bank of Russia confirmed this restricted list, citing strict c...
Cryptocurrency markets experienced a broad decline with major altcoins like Ethereum, Solana, and XRP falling sharply, signaling reduced risk appetite among traders. Bitcoin showed relative strength, dropping only 3.35% to $61,844, while its market d...
Bitcoin's daily RSI dropped to 17, a rare oversold signal last seen during the 2020 COVID crash, with prices near key support levels around $62,000 and $58,600. Ethereum also hit a similar oversold level, but lacks a clear investment narrative, causi...
Bitcoin's price dropped below $61,000, falling $18,000 over the past ten days due to ETF outflows, leveraged liquidations, and macroeconomic pressures. This decline signals a shift in market sentiment, with expectations that Bitcoin will not surpass ...
