$107,533.00
2.67%$2,547.44
2.80%$2.37
1.58%$655.33
2.09%$170.12
2.68%$0.999771
-0.01%$0.228636
4.33%$0.756467
4.04%$0.270948
-0.56%$2,545.15
2.79%$107,339.00
2.54%$3.90
2.20%$3,064.83
3.09%$15.84
2.27%$22.75
3.18%$0.291266
3.32%$26.67
3.21%$0.00001463
2.76%$0.196584
2.02%$8.83
1.06%$401.91
4.33%$3.07
1.32%$95.43
2.14%$4.71
3.46%$0.99975
-0.01%$2,550.14
3.02%$363.57
4.81%$2,719.52
2.97%$5.20
2.25%$0.998123
-0.02%$0.815631
10.48%$0.00001388
8.83%$1.001
0.03%$107,631.00
2.82%$30.41
0.58%$253.78
-2.99%$6.22
7.55%$417.62
0.85%$2.82
3.95%$5.19
2.66%$52.24
1.05%$204.90
2.53%$0.953866
3.21%$0.112149
5.72%$14.59
10.12%$1.00
0.00%$0.096716
1.29%$35.93
-0.62%$18.62
3.18%$5.28
3.51%$21.53
0.93%$1.17
0.07%$0.738757
-0.45%$0.02856246
3.99%$4.71
3.37%$1.052
0.02%$0.398111
8.44%$4.94
5.14%$0.998032
-0.05%$107,214.00
2.72%$0.233047
1.62%$0.780449
8.86%$0.22613
3.63%$0.399071
3.48%$2.89
3.27%$4.42
0.43%$1.13
3.61%$2.62
0.69%$0.506096
2.07%$4.57
1.47%$0.00002054
7.49%$2,536.09
2.51%$0.999451
0.05%$0.526633
5.70%$178.16
2.71%$11.39
-3.03%$98.57
2.41%$2,666.99
3.11%$0.905319
7.70%$1.34
10.09%$1.30
3.28%$1.97
2.98%$4.52
-0.34%$0.01895347
0.62%$0.737859
5.28%$0.658823
3.38%$2,897.19
3.10%$0.225235
2.49%$1,748.01
1.92%$12.17
3.59%$0.998834
-0.12%$0.745371
-3.14%$0.071409
-1.52%$0.111039
3.90%$1.049
11.25%$107,058.00
2.56%$0.737417
4.44%$0.00009978
5.93%$3.22
4.46%$2,710.31
2.76%$220.29
2.63%$0.897908
2.03%$0.996851
-0.19%$652.57
1.68%$0.999536
0.01%$188.96
2.48%$0.01818805
3.08%$0.0196231
6.07%$107,397.00
2.73%$1.00
0.00%$108,026.00
5.25%$0.01313881
6.82%$2,678.49
2.93%$3,300.41
0.64%$0.891157
3.97%$0.639327
1.33%$3,312.89
0.48%$0.223157
2.49%$2,655.96
2.73%$0.3126
2.76%$0.761445
-0.28%$0.130763
-0.22%$2.34
4.70%$22.43
4.21%$4.04
3.01%$12.80
0.01%$0.00000073
1.00%$4.45
2.57%$0.775688
6.07%$35.74
2.63%$0.069978
7.14%$0.117441
1.50%$106,597.00
3.36%$2.42
20.86%$2.02
2.84%$41.66
3.10%$0.01964584
0.99%$1.00
0.02%$1.87
7.61%$0.623757
2.94%$0.408526
3.31%$0.997352
-0.00%$2.06
0.10%$111.12
0.01%$0.319806
2.20%$1.10
0.07%$2,548.83
2.96%$0.227233
3.73%$2,544.97
2.71%$107,616.00
2.83%$0.667759
5.31%$0.99942
-0.04%$2,724.57
2.78%$2.17
17.06%$18.53
3.54%$2,610.88
2.45%$0.635631
3.82%$0.438142
2.88%$0.652956
2.68%$107,243.00
2.47%$0.00877141
3.25%$2,555.50
3.22%$0.999659
-0.04%$0.487199
7.98%$0.194068
6.55%$2.96
1.15%$7.28
0.82%$0.15298
3.91%$0.092533
5.72%$104,368.00
2.66%$0.475153
9.80%$0.427476
1.09%$0.00000119
14.81%$1.70
3.33%$6.53
2.27%$0.180539
1.37%$0.70125
1.96%$0.050681
4.44%$1.51
10.15%$0.06348
-2.47%$0.999711
-0.01%$0.00002252
1.27%$0.00487155
-0.22%$0.096541
4.25%$0.168099
6.94%$0.00000044
0.08%$0.04458966
3.88%$1.31
2.33%$0.171791
2.38%$2,535.67
2.67%$0.00790417
2.92%$1.51
0.46%$1.011
0.95%$1.087
0.00%$0.419682
10.71%$106,785.00
2.67%$0.00470114
1.11%$35.89
5.01%$0.00392743
11.85%$1.00
-0.06%$43.12
1.88%$3.23
5.30%$0.999638
-0.04%$0.839684
9.73%$2,714.07
3.38%$1.00
0.01%$0.03799951
3.95%$1.10
0.13%$0.349523
-4.73%$1.001
-0.01%$0.00541458
1.67%$0.232955
1.68%$0.01911716
-0.94%$137.10
4.47%$26.61
2.50%$0.372965
1.17%$0.841162
1.30%$2,801.21
2.86%$107,447.00
2.61%$0.00006282
2.65%$0.34247
8.74%$0.310498
8.88%$2,785.23
3.25%$3.68
-5.74%$0.00000159
0.67%$0.00076873
6.44%$0.996719
-0.13%$2,550.23
2.88%$19.57
0.07%$0.228834
4.34%$22.79
3.50%$0.999957
0.02%$0.999628
0.03%$2,544.70
2.51%$0.250121
2.30%$18.65
2.58%$0.684502
1.20%$2,749.40
2.90%$0.7584
-4.60%$0.00342009
5.47%$2.71
2.79%$0.501954
2.44%$23.72
1.86%$0.684071
9.26%$0.00281417
5.63%$26.60
2.65%$0.00
5.00%$3.46
7.34%Reading
The price of gold has fallen four percent today, continuing its price slide from last week.
Gold has a longstanding reputation as a hedge against uncertainty, with its price traditionally rising when other stocks are falling. Bitcoiners argue that the same applies to BitcoinBitcoin: that it is designed to counter an economy that prints money at will, and where inflation is rampant. They call it ‘digital gold’.
This narrative has come under strain over the last week. As the economy has fallen out of the sky, so has the price of Bitcoin. It is now down more than 50% from $9,600 to its current value of $4,770.
The mother of all weeks has seen Bitcoin in freefall. The biggest price drop since 2013 followed a WHO announcement of a global pandemic, and President Trump’s ban on flights between the US and Europe. Uncertainty gripped the financial markets, and sent cryptocurrencies plummeting along with other assets, stocks and bonds. On Thursday, Bitcoin had its worst day in history. Its price dropped from $7,900 to $4,600 over 40%. It then continued to drop, reaching a low of $3,850. While it’s bounced...
However, gold has been following the decline of the stock markets too. After rising 30% over the last year, it has dropped by 11% over the last nine days, seeing further declines today.
“Things are so bad that even gold is not a safe haven,” tweeted Bovell Global Macro, a hedge fund based in the Cayman Islands.
Few investments are performing well right now; the only exceptions are cash and certain stocks, such as products that support remote working.
Things are so bad that even gold is not a safe-haven.
— Bovell Global Macro (@Bovell_GM) March 16, 2020
Despite this, goldbugs remain certain that its status as a safe haven is secure.
According to the Telegraph, traders have been selling gold to cover losses in the stock market—or to buy stocks at a discount. And that, once the market rebounds, the prices should bounce back.
Peter Schiff, CEO of Euro Pacific Capital, tweeted: “Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary & fiscal policy mistakes will be. When they figure it out en masse, gold will skyrocket.”
Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary & fiscal policy mistakes will be. When they figure it out en masse, #gold will skyrocket.
— Peter Schiff (@PeterSchiff) March 16, 2020
Despite Bitcoin’s price drop, Bitcoiners are arguing the same thing. “Bitcoin is the world's greatest hedge to this,” Tyler Winklevoss, CEO of crypto exchange Gemini, tweeted, referring to the Fed’s decision to cut interest rates to near zero.
That is, if either Bitcoin or gold ever recover.
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
