Gold investors and traders witnessed the largest single-day drop in gold futures in over three years on Monday. Gold futures plummeted by $65.60, or 2.73%, marking the steepest decline since February 2021. The catalyst behind this sharp sell-off was Israel’s restrained response to the recent missile and drone attack launched by Iran. Despite the massive
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $66,000 mark over the weekend following the much-awaited Bitcoin Halving event. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens as the overall Market Fear &
(Kitco News) – Gold’s unprecedented rally in record territory has attracted a lot of attention from fund managers; however, some funds are worried that the precious metal run has gone a little too far. According to Bank of America’s latest Fund Manager Survey, 26% of survey participants said gold is overvalued. According to the survey,
(Kitco News) – After posting dramatic declines late last week and through the weekend, the cryptocurrency market continued its downward trajectory on Monday. Bitcoin (BTC) did manage to hold key support around $62k over the weekend, but after bulls managed to push King Crypto close to $67k by 6 am EDT, they ran out of
(Kitco News) – The gold market is not paying attention to U.S. inflation or U.S. interest rates as investors aren’t worried about opportunity costs in a world with unprecedented geopolitical and economic uncertainty, according to one market strategist. Thursday, in an interview with Kitco News, Kristina Hooper, chief investment strategist at Invesco, said that despite
In a detailed analysis shared on X, Miles Deutscher, a renowned crypto analyst, cast a spotlight on the burgeoning sector of Real World Assets (RWA) within the crypto market. Deutscher’s discourse comes in the wake of BlackRock’s groundbreaking venture into tokenized funds, signaling a seismic shift in the digital asset landscape. With projections indicating that
A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a more than 600% increase. Despite its historically sluggish growth, XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run. Price Projected To Soar Above $5 A crypto analyst identified as
(Kitco News) – Monday saw the return of bull market momentum for cryptos as Bitcoin (BTC) climbed back above $70,000 while several dozen altcoins recorded double-digit gains, exciting crypto traders and reigniting FOMO for underexposed investors. It was the opposite story for stocks, which fell under pressure at the market open to start the
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000. Bullish Sentiment Shows Bitcoin Can
Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) led the cryptocurrency market in heavy losses in the past 24 hours after a profitable February. According to data provided through Coingecko and Binance-backed Coinmarketcap, the total global cryptocurrency market capitalization shed about 7.7 percent to stand around $2.5 trillion during the early London trading session on