Gold and silver prices plunged sharply, losing about $700 billion in market value in one day amid Iran's threat to close the Bab el-Mandeb Strait, a key shipping route. Gold dropped below $4,000 per ounce and silver fell to a seven-month low under $55.50. Despite this turmoil, Bitcoin remained stable near $64,000, showing resilience as a rare safe-haven asset compared to precious metals. The selloff was driven by a stronger dollar, rising US interest rate expectations, and significant outflows from gold ETFs, while investors moved funds into US dollars and short-term Treasuries. The key question now is whether Bitcoin can maintain its support level around $63,000 as gold and silver search for a bottom.
Ethereum is gaining investor interest, with its price climbing 2.32% to approach $2,000 due to steady capital inflows. The ETH/BTC ratio has broken a 301-day resistance, signaling a rotation of funds from Bitcoin to Ethereum. This momentum is support...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
Glassnode's recent analysis highlights a key on-chain indicator showing that Bitcoin investors who bought 1-2 years ago are stabilizing their realized losses, suggesting a potential easing of selling pressure. This pattern, observed during past bear ...
Cryptocurrency markets saw a general decline with Bitcoin trading around $64,607, down nearly 1%, and Ethereum falling over 2% to $1,878. Other major coins like Binance Coin and Solana also experienced slight drops. Stablecoins remained steady near t...
Changpeng Zhao (CZ), pendiri Binance, menyatakan bahwa meskipun AI memiliki dampak besar pada masyarakat dan ekonomi, teknologi tersebut tidak dapat mengatasi inflasi. Sebaliknya, CZ berpendapat bahwa Bitcoin dapat menjadi lindung nilai jangka panjan...
