Veteran trader Peter Brandt is thinking about selling some of his Bitcoin holdings to invest in gold, based on a technical breakout in the gold-to-Bitcoin (XAU/BTC) ratio chart. This ratio measures how much Bitcoin one ounce of gold can buy, and Brandt sees it rising, indicating gold may outperform Bitcoin in this cycle. However, some analysts disagree, arguing Bitcoin's current weakness is due to capital flowing into AI sectors, not gold, and that Bitcoin could rebound strongly. The debate highlights differing views on the future performance of these two popular store-of-value assets.
Bitcoin's price briefly surged past $82,000 but has since been stuck trading between $76,000 and $82,000. Strong spot demand driven by U.S. Spot Bitcoin ETFs and large investors like Strive supports the price, alongside a peak in Binance's derivative...
Polkadot's token price jumped up to 20% driven by a short squeeze, increased on-chain activity, and governance proposals that could reduce token supply. Traders are pricing a 58% chance of a Federal Reserve rate hike next week, which contrasts with B...
Cryptocurrency markets experienced varied price changes, with Bitcoin falling 0.83% to $78,532 and Ethereum down 0.27% to $2,489.07. Some altcoins like DOT surged 11.72% and WBT jumped 11.46%, indicating selective investor interest. Stablecoins remai...
Bitcoin briefly fell below $78,000 on Tuesday, hitting a low of $77,603 before recovering to around $78,600. This price drop triggered $264 million in total crypto liquidations, including $79 million in bitcoin positions, mostly long bets. The market...
ARK Invest CEO Cathie Wood remains bullish on Bitcoin, highlighting its improving ratio against gold as a key sign for institutional investors. She views Bitcoin as a transformative technology, monetary system, and asset class with significant growth...
