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Gold

Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive

Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive

2 weeks ago by Crypto InsightsCrypto

The crypto market continued to exhibit weakness on Tuesday morning, broadly following a tech selloff across U.S. equities and a correction in the price of precious metals. Bitcoin trades at $68,000, down 1.25% since midnight UTC, while Nasdaq futures and gold lost 0.55% and 2.4%… Read More

Tether Invests $150M in Gold.com to expand gold tokenization

Tether Invests $150M in Gold.com to expand gold tokenization

3 weeks ago by Crypto InsightsCrypto

The investment arm of stablecoin issuer Tether has acquired a $150 million stake in the precious metals platform Gold.com to expand access to tokenized gold. Tether said on Thursday that it acquired an approximately 12% stake in the company, which will integrate Tether Gold (XAUt),… Read More

Bitcoin isn’t competing with gold, but rather prediction markets and ultra-short options

Bitcoin isn’t competing with gold, but rather prediction markets and ultra-short options

4 weeks ago by Crypto InsightsCrypto

Bitcoin BTC$77,317.26 is suffering from an identity crisis that has nothing to do with fundamentals and everything to do with shrinking attention spans. While gold rallied more than 12% and the S&P 500 ticked higher in the past 30 days, bitcoin slid more than 10%… Read More

Nayib Bukele and El Salvador buying dips in bitcoin and gold

Nayib Bukele and El Salvador buying dips in bitcoin and gold

1 month ago by Crypto InsightsCrypto

The central bank of El Salvador, the tiny bitcoin-friendly nation in Central America, added $50 million worth of gold to its reserves, the institution said Thursday in an X post. The purchase — 9,298 troy ounces — brings the country’s total gold holdings to 67,403… Read More

Paxos Gold (PAXG) sees record $248 million inflow in January

Paxos Gold (PAXG) sees record $248 million inflow in January

1 month ago by Crypto InsightsCrypto

Crypto investors are piling into tokenized gold as digital asset markets are treading water, sending inflows to Paxos’ gold token to a record in January. Paxos Gold (PAXG), backed by physical gold held in LBMA vaults in London, raked in more than $248 million fresh… Read More

BTC price trails gold as yen intervention concerns weigh on risk assets

BTC price trails gold as yen intervention concerns weigh on risk assets

1 month ago by Crypto InsightsCrypto

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is struggling to hold ground as concerns over the strength of the yen and fiscal instability drove a divergence between crypto and traditional safe-haven assets. Bitcoin fell 0.8% in 24 hours to sit below $88,000,… Read More

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