The last few weeks have been a roller coaster ride for gold. A breathtaking rally to new highs followed by a bone-crunching decline in double quick time. The volatility could spook an average investor. But as Colonel Hannibal Smith (Liam Neeson) often advocates in the Hollywood blockbuster The A-Team – “no matter how random things may appear, there is always a plan!” Nothing happens in financial markets without a reason, and the reason is always financial. The wild ride in gold is going as per plan. The plan is to shake off weak hands and accumulate gold on declines.
digital currency
Bitcoin Fell Below $50,000 Before Bouncing Back—What’s Next?
Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.
This Metal Has Given More Returns Than Bitcoin This Year
There’s one metal that’s leaving all commodities — and even Bitcoin — in the dust this year. The challenge for investors is buying it.
Bitcoin Hit New Record on Sunday, Above $49,000 For the First time
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time.
How is Bitcoin different from gold?
Bitcoin investors are having a wild ride. The best-known cryptocurrency reached a series of records in 2021, just three years after its price collapsed, wiping out more than two-thirds of its value.
Ether Follows Bitcoin to Record High Amid Dizzying Crypto Rally
The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.
Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000
A gauge of the 10 biggest, most liquid digital coins dropped to its lowest this year on Wednesday, triggering a flurry of technical studies. While Bitcoin, the largest cryptocurrency, hasn’t hit a similar trough since June 29, it’s attracting bearish calls as it slips below its 50-day moving average.