The Bitcoin bulls still have the solid overall near-term technical advantage, to suggest the path of least resistance will remain sideways to higher in the near term. …Read the full story
The Bitcoin bulls still have the solid overall near-term technical advantage, to suggest more upside in the near term. …Read the full story
“The metals sector is set to continue its rebound from the effects of the COVID-19 pandemic through 2022. …Read the full story
Investors have been worried about a broadening liquidity crisis in China’s property sector, with a string of offshore debt defaults, credit rating downgrades and sell-offs in some developers’ shares and bonds in recent weeks. Prices didn’t hold at $9,600, so there’ll be more downside,” a Singapore-based metals trader said, adding that China-based traders were leading […]
Overnight, bitcoin and ethereum hit new record highs, with the former touching $68,525.84 and the latter hitting $4,839.92. …Read the full story
Bitcoin jumped more than 4% to as high as $66,555 on Monday, approaching the $67,016.50 record high of Oct. Investors also poured $31 million into Ethereum products and funds last week. Although Ethereum’s market share has declined in recent months as bitcoin’s dominance has grown, a recent combination of positive price performance and strong inflow […]
The biggest crypto drivers were the top four cryptocurrencies — Bitcoin, Ethereum, Binance Coin, and Solana. Bitcoin and Ether have also been gaining traction as inflation-hedge trades, supporting the current rally higher. “Bitcoin is trading slightly higher for a handful of reasons that include increased demand for inflation hedges, a much more friendly environment from […]
The BoC governor also took the opportunity to reassure Canadians that the central bank will keep rising prices under control. The BoC also moved up its rate hike timeline to next year. “Surging housing costs, labor costs, energy costs, and second-hand car prices are likely to mean headline inflation then pushes above 6% in December, […]
The Fed “isn’t even acknowledging the problem,” and it seems to believe that it “could print money without triggering inflation,” Thiel said. It’s the most honest market we have in the country, and it’s telling us that this decrepit … regime is just about to blow up,” Thiel said at an event in Miami. …Read […]
December gold was last up $3.90 at $1,787.80 and December Comex silver was last up $0.006 at $23.955 an ounce. As the calendar turns to November and the historically turbulent months of September and October are now behind, the stock market bulls are feeling even more confident. Technically, December gold futures bulls have the overall […]
Oct 27 – BrokerTec, a unit of leading financial derivatives firm CME Group, will launch a market-making programme on Nov. …Read the full story
Last time Bitcoin hit an all-time high in 2017, the price corrected and stayed flat for 2 years before regaining momentum in 2020. We’re talking about a sample size of like, three,” Alden told David Lin, anchor for Kitco News. …Read the full story
Bitcoin has seen unprecedented growth as investors and consumers have sought new assets to protect their wealth and purchasing power. “There is a reason why bitcoin has hit record highs and that is because there is a counter bet going on against fiat currencies,’ said Grosskopf. Although bitcoin is taking some momentum away from gold, […]
“What I see is there is this final parabola brewing. I think it looks like we’re going to run to and I think until the end of the year, we’re going to see even more crazy crypto parties,” Grummes said. Grummes had previously been short-term bearish but has since changed his stance following the recent […]
