Bloomberg

UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?

Source Node: https://bitcoinist.com/ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin
Time Stamp: August 4, 2020 2:50 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected negative US real yields as the core reason behind the increasing bids for gold. The other key point, Mr. Gordon stated, is the ongoing plunge in the US dollar. Bitcoin traders should brace for a decent upside momentum led by the gold market. It is because of the increasing realized correlation between the two assets.

Apple gained the same value on Friday as Bitcoin’s entire market cap

Source Node: https://cryptoslate.com/apple-gained-the-same-value-on-friday-as-bitcoins-entire-market-cap/
Time Stamp: August 1, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

While Bitcoin has rallied millions of percent since its launch in 2008, the asset remains relatively small on a macro scale. This much was made clear on Friday, Jul. 31, when the shares of Apple (AAPL) surged on the back of extremely strong revenue numbers.Apple stock surges 11% on Friday to gain more value than BTC’s market capAt a market capitalization of just over $200 billion, Bitcoin has reached a size where it is being noticed by Wall Street and Main Street alike. JPMorgan is now servicing cryptocurrency companies, blockchain is

Bitcoin Doesn’t Care as US Debt Reaches an Unfathomable $24 Trillion

Source Node: https://cointelegraph.com/news/bitcoin-doesnt-care-as-us-debt-reaches-an-unfathomable-24-trillion
Time Stamp: April 9, 2020 4:39 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years.According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is equal to $72,888 for each U.S. citizen, or $193,805 per taxpayer.U.S. massive debt mountain mushroomsThe almost incomprehensible size of national debt comes weeks after the Federal Reserve began an unprecedented money printing program. Providing $6 trillion of liquidity, the Fed led responses

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/fear-greed-and-the-evolution-of-money-in-the-age-of-the-coronavirus-pandemic
Time Stamp: April 9, 2020 4:24 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night.We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/april-fools-celebrity-scams-manipulated-markets-bad-crypto-news-of-the-week
Time Stamp: April 4, 2020 3:56 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer.In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities

Bitcoin Surges by 10%, Gold and Stocks Also in the Green

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-surges/
Time Stamp: April 2, 2020 4:58 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

We’ve been seeing new hockey stick graphs every day lately and today is no exception. The weekly jobless data just came out from the U.S. and the numbers were even worse than any analysts had guessed. This chart shows the number of Americans who filed for unemployment for the first time last week. Notice that the number is almost exactly double the average analyst forecast (gold bar). In total for the last two weeks, that makes nearly 10 million people out of work due to the virus fears. That’s about

Gold Is ‘Toilet Paper’ for the Rich, Bitcoin for the Poor — Max Keiser

Source Node: https://cointelegraph.com/news/gold-is-toilet-paper-for-the-rich-bitcoin-for-the-poor-max-keiser
Time Stamp: April 2, 2020 8:06 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

People are going to buy Bitcoin (BTC) in droves — because there will be no gold for sale due to coronavirus, Max Keiser predicts.In a recent edition of his Keiser Report news program on March 31, Keiser said that the coronavirus pandemic will push billionaires into gold as a safe haven. Keiser: people will “flock en masse” to BTCOnce supplies are bought up and stockpiled, the only alternative left is Bitcoin.He summarized:“I predict — and this is not only the ultimate use case but the ultimate irony — that once people

Brave Browser Gains 1M New Users in a Single Month

Source Node: https://cointelegraph.com/news/brave-browser-gains-1m-new-users-in-a-single-month
Time Stamp: April 1, 2020 7:34 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Open-source internet browser, Brave, tallied more than one million new users in March alone, a tweet from Brave’s head of marketing, Des Martin, detailed on April 1. Isolation has increased web trafficWith much of the world limiting their exposure to the coronavirus through self-imposed quarantine, web usership has undoubtedly increased.As a result, various internet-based services have hosted significantly greater demand for activities such as web browsing, gaming, and shopping, a March 20 Bloomberg article stated.  Brave sees increased attentionSome of this attention has been funneled toward Brave, as evidenced by its spike