March 28, 2024
Crypto

Crypto bulls return as Bitcoin spikes above $71k, altcoins record double-digit gains

(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

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Crypto

Crypto rally continues, analyst says Bitcoin poised to hit $200k in peak of bull market

The cryptocurrency bull market was firing on all cylinders in trading on Tuesday as Bitcoin (BTC) surged above $57,000 for the first time in more than two years, a disheartening move for traders who had been hoping for a significant pullback as an opportunity to allocate fund into the top crypto.    While the rally

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Investment

Wall Street is turning Bitcoin into just another stock, warns investment strategist

Digital assets entered a new era of legitimacy with the launch of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., and as the flow data for the ETFs show, there is a healthy level of demand for access to BTC once the technical know-how to deal with crypto is eliminated as a

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Investors

Gold is stuck, but silver may have room to run as investors wait for the Fed

(Kitco News) – The Federal Reserve is in no hurry to shift its current higher-for-longer monetary policy stance, which has significantly weakened bullish momentum in the gold market, and according to some analysts, it will take a big miss in inflation to push the precious metal one way or another out of its current trading

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Investors

Market analysts and retail investors await Fed’s direction on gold prices

(Kitco News) – Gold prices chopped around in a narrow $10 range between $2,016 and $2,025 this week, with only minor reactions to even the most significant data releases and corporate earnings reports. The latest Kitco News Weekly Gold Survey showed institutional experts and retail traders maintaining their cautious stance, with no clear consensus about

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Property

Europe’s property boom lowered inequality, ECB says

FRANKFURT, Jan 8 (Reuters) – Wealth inequality declined in the euro zone over the past five years, confounding some expectations, as a large middle class with widespread property ownership benefited from a house price boom, the European Central Bank said on Monday. The new data comes after the ECB faced years of criticism that a

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Investors

Retail investors divided on gold’s trajectory, analysts more bullish than ever

(Kitco News) – Gold prices spent the first week of 2024 solidly above $2000 per ounce, but they were yanked up and down as markets attempted to calibrate their expectations of how soon the Federal Reserve will cut rates based on economic data releases. After trading sideways on Monday and Tuesday, gold sold off sharply

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