Why Bitcoin Is Down 30% While Gold And Silver Experience Parabolic Gains
Bitcoin (BTC) has seen a significant retracement of over 30% from its all-time high of $126,000, which was reached in October. This decline comes at a time when precious metals like gold and silver are achieving new records, marking a robust fourth quarter for these commodities. To understand Bitcoin’s next potential move, analysts at Bull […]
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Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S. dollar in 24 hours, platinum dropped 2.82% and palladium shed 4.18% against the USD during the last day.
Despite Scorching Global Inflation, Gold Hasn’t Been a Safe Haven in 2022
While the entire world is suffering from red-hot inflation, many would assume that the world’s....
On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the $20 threshold.
Precious Metals Price Patterns Follow Friday’s Equity Market Rout and Crypto Carnage
Just before the weekend, Wall Street’s major indices tumbled as the latest U.S. jobs report for September is making investors believe the Federal Reserve will continue its aggressive rate....
Disclaimer: Bitcoin Magazine has run advertisements for Coinabul before. This article was written independent of this fact. -Ed. Coinabul, Bitcoin's first and only dedicated gold and silver selling website, is now celebrating its six month anniversary, offering 1% off gold and 3% off silver purchases. Since October 10 last year, the site has been selling dozens of different types of gold and silver coins and bars for investors and collectors alike, giving money enthusiasts two more types of currency to play with. The site's owners had considerable experience in startups before joining the....
Precious metals markets continue to flounder this week as gold’s value per troy ounce has slid by 6.53% in value against the U.S. dollar during the last month, while silver has shed 2.34% in 30 days. Amid the raging inflation worldwide and the hawkish central banks, gold and silver prices have struggled in 2022 and investors expected quite the opposite to happen.
Precious Metals Continue to Tank in Value
The nominal U.S. dollar value per troy ounce of gold (Au) and silver (Ag) has dropped between 0.18% (Au) and 0.27% (Ag) during the last 24 hours. Over the last 30 days,....
Precious metals and digital money platform, DigitalTangible has partnered with Agora Commodities to allow gold and silver to be stored and verified on the Bitcoin Blockchain. DigitalTangible, which manages the world's first Bitcoin precious metals trading platform, has developed Bitcoin 2.0 tokens that are verifiable on the Blockchain and allow investors to now buy and sell silver in addition to gold bullion. Also read: DigitalTangible Partners with Amagi Metals and Launches Gold and Bitcoin Marketplace. "DigitalTangible" Gold and Silver. With the integration of verifiable tokens, millions....