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Bitcoin's Disappointing Performance Against Gold Commodity market expert Mike McGlone from Bloomberg raises concerns about the potential downturn of Bitcoin, highlighting its underwhelming performance compared to gold since its peak in 2021. On Sunday, McGlone pointed out that the ratio between Bitcoin and gold had dropped by approximately 40% from its highest point of 37 […]

El Salvador to Maintain Bitcoin as Legal Tender El Salvador's Vice President Felix Ulloa recently confirmed that bitcoin will continue to be recognized as legal tender in the country during President Nayib Bukele's second term, despite the International Monetary Fund's (IMF) recommendation to drop it. Ulloa stated that the victory of Bukele in the upcoming

Self-Directed gold IRAs are fantastic because they allow you to invest in precious metals, without having to work with middlemen. Actually, these accounts are so easy that even your grandmother could use them! When you purchase physical gold, silver, palladium, platinum and rhodium coins, bars, rounds, and bullion, you get instant liquidity. But if you’d

U.S. Central Bank Decision Sparks Concerns Following the U.S. central bank's recent decision to keep the federal funds rate unchanged, the commercial real estate market is experiencing turbulence that is affecting both the country's banking sector and international markets. The repercussions of this decision can be seen in the plunging share prices of New York

Introduction The U.K. Metropolitan Police have made a significant breakthrough in the fight against cryptocurrency fraud. They have seized more than 61,000 bitcoins, worth over $2.6 billion, from a massive investment fraud conducted by a Chinese fugitive. The seizure marks one of the largest cryptocurrency confiscations globally and highlights the growing concern around fraudulent activities

Introduction On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve made the decision to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) expressed that it does not anticipate reducing the target range until it has gained more confidence in inflation reaching the 2% mark. While benchmark equity indices experienced declines, the

The Growing Demand for Bitcoin Last week, I discussed the significant buying pressure on Bitcoin and the various sources of potential demand in the market. While Bitcoin ETFs, MicroStrategy's increased shares, Tether's constant buying, and the upcoming halving are expected to drive demand, there is another unexpected player entering the scene – China. The Changing

A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of crypto. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to gain insights into the crypto investing habits of European users. With a total of 10,498 participants, the survey results provide

NFT Market Faces Sharp Decline In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. Steepest Decline

Insights from Gareth Soloway In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, Soloway suggested that bitcoin might revisit the $15K level should a significant stock market sell-off occur. Soloway shared insights on his approach to analyzing various data sets for forecasting future trends and drawing conclusions. Bitcoin's Historical Trends Soloway