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Bitcoin Price Bounce Has Nothing to Do With Iran Situation

Bitcoin Price Bounce Has Nothing to Do With Iran Situation

The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the sudden spike to the U.S. airstrike that killed Iranian General Qasem Soleimani. Are we beginning to see the bitcoin price factor in geopolitical risk? Not likely in this case anyway.…

Gold Price Spikes to 4-Month High as Fear and Paranoia Grip Markets

Gold Price Spikes to 4-Month High as Fear and Paranoia Grip Markets

Gold peaks at $1,554.00/oz., the highest since early September. Dismal economic data and Mideast tensions drive demand for safe havens. Dow Jones plunges triple digits, more than halving Thursday’s impressive rally. The price of gold extended its New Year rally on Friday, reaching its highest level in four months on the back of dismal economic…

Bitcoin Price Flash Crashes to $6,900 as Non-Correlation Tests Hodlers’ Patience

Bitcoin Price Flash Crashes to $6,900 as Non-Correlation Tests Hodlers’ Patience

Bitcoin price tumbles 4% to $6,900 on Thursday, the lowest since mid-December. Bitcoin is slowly bleeding while traditional assets like stocks and commodities continue to rise. Bitcoin trade volumes plummet at the start of 2020 as market participants remain on the sidelines. The price of bitcoin tumbled to fresh multi-week lows on Thursday, as the…

This Bitcoin Price Chart Makes the Crypto Market Crash Look a Lot Less Scary

This Bitcoin Price Chart Makes the Crypto Market Crash Look a Lot Less Scary

As the bitcoin price continues to drop, the cryptocurrency still outperforms other asset classes year to date and via dollar cost averaging. The bitcoin price continues to plummet from its 2019 record near $14,000. Crypto investors are worried while critics are gloating. But the cryptocurrency remains the highest performing asset in 2019. And dollar cost…

What Gold’s Price Plunge Tells Us About the Record-High Stock Market

What Gold’s Price Plunge Tells Us About the Record-High Stock Market

Gold price dropped by 4% as U.S. stock market hit record highs. Major U.S. banks including JPMorgan and Citibank closed positions on gold for more risky alternatives. Nobel laureate says geopolitical risks are over-estimated, making the environment better for stock market over gold. The gold price has dropped by 4% in the past nine days…

Gold Price Smashes Five-Week Highs amid Dow Bloodbath

Gold Price Smashes Five-Week Highs amid Dow Bloodbath

The price of gold surged to more than five-week highs on Wednesday. U.S. stocks plunged over trade-deal uncertainty. Risk sentiment wavers following ‘hawkish rate cut’ from the Federal Reserve on Tuesday. The price of gold catapulted to five-week highs on Thursday after Chinese officials poured cold water on trade-deal euphoria, sending the Dow and broader…

Gold Price Regains Its Shine as U.S. Economy Flashes Two Warning Signals

Gold Price Regains Its Shine as U.S. Economy Flashes Two Warning Signals

The price of gold rallied on Wednesday and was making a fast return to $1,500 as investors weighed the multitude of risks facing the U.S. economy. The latest warning signal came from the housing market after existing home sales tumbled much more than expected in September. Gold Price Recovers; Silver Follows Futures on December gold…