Market Cap of Gold-Backed Cryptos Surpass $1B as Yellow Metal Nears Record High
Stagflation fears appear to have boosted demand for gold and crypto tokens backed by the yellow metal.
As Gold Nears Record, Bitcoin Doesn't Shine So Brightly
“The default setting is, ‘Go with what you know,’ which in this case means gold,” says one analyst.
Russia-Ukraine’s Impact on Crypto, Oil and More
Ben McMillan of IDC Digital Assets joins “First Mover” to address the current state of the crypto markets as Russia’s invasion of Ukraine shows no signs of slowing down. McMillan addresses the soaring price of oil as Western countries are mulling a Russia oil ban.
BTC Price Underperforms Treasuries Amid Russia-Ukraine Conflict
In today’s “Chart of the Day," the year-to-date returns for BTC, the S&P 500, treasuries and gold suggest that risk off has been the dominant theme so far this year, leading up to the events in Russia and Ukraine. With gold outperforming all the other assets, CoinDesk's Damanick Dantes evaluates the macro factors that might be at play.
Market Wrap: Bitcoin Stabilizes Amid Geopolitical Uncertainty
The leading cryptocurrency reverses earlier losses in seesaw trading.
Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone
As geopolitical tensions rise, the cryptocurrency's price has fallen.
Bitcoin Wilts as Russia-Ukraine Tensions Push Gold to 8-Month High
Bitcoin is acting more like high growth tech assets, one observer said.
Gold-Backed Tokens Grow Despite Mixed Reviews From Analysts
With high inflation and geopolitical turmoil in the headlines, these tokens appear to be benefiting from the current investment climate.
Japanese Trading House Mitsui to Launch Gold-Linked Cryptocurrency: Report
ZPG coin will also be used for digital payments, Nikkei Asia reported.
Key Bitcoin Trends to Monitor as BTC Enters 15th Bear Market Since 2009
Clara Medalie, research director at crypto data provider Kaiko, shares insights into bitcoin's key technical indicators she's interested in: bid-ask spreads for BTC/ETH have widened in January amid high volatility and fragile risk sentiment; BTC's correlation with bonds and gold has been negative for months while its correlation with Nasdaq recently hit 17-month highs; BTC's January spot volume reached 6-month lows.