Bitcoin vs. Gold: Distraction for Investors Warns State Street Strategist
State Street’s George Milling-Stanley questions Bitcoin’s impact on gold investment, stressing gold’s enduring stability compared to the high-risk crypto market.
State Street’s George Milling-Stanley questions Bitcoin’s impact on gold investment, stressing gold’s enduring stability compared to the high-risk crypto market.
XRP surges to $0.847, marking a 2024 high with a 16% daily gain, making it the top performer among the top 100 cryptocurrencies amid speculation about SEC Chair Gary Gensler’s potential resignation.
Bitcoin reached $73,000 on October 29, 2024, leading a broader crypto market rally that pushed the global cryptocurrency market capitalization to $2.45 trillion, with most altcoins following suit in positive territory.
Crypto strategist Mikybull compares XRP’s current price action to 2017’s pre-rally pattern, suggesting an imminent explosive breakout. The analysis points to compressed volatility indicators and historical patterns as signs of a potential upward surge.
Cardano (ADA) has re-entered the top 10 cryptocurrencies by market cap after an 11% price surge, driven by ecosystem developments and a broader crypto market rebound.
The cryptocurrency market experienced a significant upswing on July 1, with Bitcoin reaching $63K and Ethereum hitting $3,500, while altcoins and meme coins also posted notable gains.
Bitcoin (BTC) reached $70,000 on Monday, marking its highest level in over a month, fueled by a surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing.
Cardano (ADA) witnessed a significant boost, increasing its market capitalization by over $500 million following a positive response from financial markets to the latest Consumer Price Index (CPI) data release.
Ripple’s XRP token jumped over 20% on Monday, fueled by large transfers worth millions of XRP from the crypto exchange Binance, as the broader crypto rally extends to previously lagging assets.