Litecoin Consolidates at the Bottom of the Chart as It Battles Low Volatility

11分钟前
coinidol

11 December 2019 - ETH/ BTC – Weekly

11分钟前
cryptodaily

Ripple's Xpring Debuts New Platform for XRP Payments Integration

23分钟前
utoday

Lithuanian Central Bank Publishes Crypto (CBDC) Research

23分钟前
cryptonewmedia

BitPay now supports Gemini Dollar and other stablecoins

34分钟前
bitcoinwarrior

EBA publishes sustainable finance action plan

41分钟前
bankingtech

Cboe Global Markets agrees to acquire EuroCCP

1小时前
bankingtech

Binance.US Considering Listing TRON (TRX), NEM (XEM), Tezos (XTZ), and Ontology (ONT)

1小时前
cryptoglobe

US Indicts 3 for $722 Million Crypto Fraud

1小时前
financemagnates

Ethereum smart contract calls increasingly running out of gas post-Istanbul 

1小时前
bitcoinwarrior

UK remittance fintech Paysend secures Canadian MSB licence

1小时前
bankingtech

Bitcoin And Crypto Market Cap Turn Red: BCH, Litecoin, XTZ, TRX Analysis

1小时前
cryptonewmedia

Bitcoin Price Predicted to Skyrocket to $100,000 in 2020 by Silk Road Founder Ross Ulbricht

2小时前
utoday

Bitcoin value transfer occurring primarily between exchanges: Chainalysis’ Gradwell

2小时前
bitcoinwarrior

TTS235 David Skarica and Gabriel Kurman from LABitConf

2小时前
letstalkbitcoin

丹麥當局從嚴查稅!發函索取加密貨幣交易完整資訊

2小时前
blockcast

Ripple (XRP) Price Turned Sell On Rallies: BTC & ETH Down

3小时前
cryptonewmedia

Bitcoin [BTC] Price Pattern Projects a Bullish Reversal after Fall below $7000

3小时前
coingape

Twitch Streamer Stalker Is Running Rampant, Posts 400-Page Manifesto of Complete Insanity

3小时前
cryptonewmedia

Ethereum (ETH) Holding Uptrend Support But For How Long?

4小时前
cryptonewmedia

Dozens of Japanese Banks Join JPMorgan’s Blockchain Network

4小时前
nulltx

Bitcoin [BTC] Derivatives based on Hashrate and Difficulty creates a Buzz in Mining Space

4小时前
coingape

AI coming of age will revolutionize small businesses

5小时前
bitcoinwarrior

「比特幣側鏈」Liquid 的交易所 ICO 發幣首例!BTSE 預計透過籌資 5,000 萬美元

6小时前
blocktempo

Santander Completes its Blockchain-based Bond Trial on Ethereum » The Merkle Hash

6小时前
cryptonewmedia


Gold and Bitcoin (BTC) prices register highest annual correlation ever!

coingape

8天前前
news.similarNews
coingape

Bitcoin (BTC) and gold enthusiasts have been at it against each other on which is the better long term store of value for the past decade or so. Since the emergence of the ‘digital gold’, debates across investors, fund managers and other specialist has arisen on which asset offers investors better store of value with BTC seeing its price spike to $19,800 USD in a matter of years.

The constant wrangles between gold’s low volatility and BTC appreciation in price is a never ending debate but as per data collected through the year the prices of the two assets are starting to gel as BTC recorded its highest correlation with gold prices in a year.

While the correlation of Bitcoin and gold has been on the rise for the better part of the year in 2019, Dec. 2 marks the highest point in positive correlation the two asset have reached at 0.3. Since June 2018, the price of an ounce of gold spiked from 0.15 BTC to over 0.39 BTC in Feb 2019 before crashing back to 0.15 BTC representing a zero change in price despite the fall in BTC’s price since July.

Bitcoin correlation with gold at its highest in history.

Fiat currencies are at risk of extreme dilution while backed by record indebted governments.

Now 45% cheaper than 5 months ago, a small position in $BTC is a call option on currency wars & inflation. pic.twitter.com/Sl5UcZ5p2U

— Otavio (Tavi) Costa (@TaviCosta) December 2, 2019

In early 2016, the correlation between the two SoV assets reached its peak (albeit o the negative scale) at 0.45, the highest correlation between gold and BTC.

The China-U.S trade war, constant nuclear threats from Iran, North Korea and Israel, and a multitude of political and socio economic rift have caused a number of investors to resort to “safe haven” assets. Gold and Bitcoin seem to be the choice of investment as both saw huge increase in price over the course of the year in light of global instability.

Starting off at $1,279 USD in January, the price of gold per ounce gradually grew to $1,551 USD in September representing an explosive 21% growth during the timespan. In around the same time, BTC’s price grew from sub-$3,500 levels to over $13,500 in July, representing a magnanimous 280% growth but has since experienced a reversal towards the $7,500 level.

Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

Bitcoin: Continued Break Down Unstoppable – BTC/USD Could Hit $6,500

Etoro

Trade Now

Celsius Network

Download Now

Bybit

Trade Now

1xbit.com

Visit Now

Bitcoin (BTC) and gold enthusiasts have been at it against each other on which is the better long term store of value for the past decade or so. Since the emergence of the ‘digital gold’, debates across investors, fund managers and other specialist has arisen on which asset offers investors better store of value with BTC seeing its price spike to $19,800 USD in a matter of years.

The constant wrangles between gold’s low volatility and BTC appreciation in price is a never ending debate but as per data collected through the year the prices of the two assets are starting to gel as BTC recorded its highest correlation with gold prices in a year.

While the correlation of Bitcoin and gold has been on the rise for the better part of the year in 2019, Dec. 2 marks the highest point in positive correlation the two asset have reached at 0.3. Since June 2018, the price of an ounce of gold spiked from 0.15 BTC to over 0.39 BTC in Feb 2019 before crashing back to 0.15 BTC representing a zero change in price despite the fall in BTC’s price since July.

Bitcoin correlation with gold at its highest in history.

Fiat currencies are at risk of extreme dilution while backed by record indebted governments.

Now 45% cheaper than 5 months ago, a small position in $BTC is a call option on currency wars & inflation. pic.twitter.com/Sl5UcZ5p2U

— Otavio (Tavi) Costa (@TaviCosta) December 2, 2019

In early 2016, the correlation between the two SoV assets reached its peak (albeit o the negative scale) at 0.45, the highest correlation between gold and BTC.

The China-U.S trade war, constant nuclear threats from Iran, North Korea and Israel, and a multitude of political and socio economic rift have caused a number of investors to resort to “safe haven” assets. Gold and Bitcoin seem to be the choice of investment as both saw huge increase in price over the course of the year in light of global instability.

若涉及版权问题,请联系:content@hashbee.com,我们将立刻撤下新闻内容

0个评论