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Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered strength this week, crypto-asset […]Powered by WPeMatico
Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate […]
The post US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon appeared first on Bitcoin News.
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The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold and bitcoin.” Michael Novogratz is a well known investor and was a hedge fund […]
The post Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin appeared first on Bitcoin News.
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Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week and investors were also paying a 20-30% premium. Since […]
The post With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30% appeared first on Bitcoin News.
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When it comes to financial markets, there is always some trend taking shape. As stock market prices struggle a bit, the gold price is on track to surpass $1,700 again. When the price of gold rises, interesting things tend to happen. Gold Price Continues to Rise For traders and speculators, this is often a prominent sign. Gold prices tend to rise when there is genuine financial trouble brewing. The coronavirus outbreak will likely be a catalyst of this renewed interest in gold bullion. As a result, the gold price hit its highest value in the past seven years. A surge
The post Gold Price Rises Quickly as Bitcoin Keeps Struggling appeared first on The Merkle Hash.
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A lot of things are happening in the world of finance which seemingly go by unnoticed. One of the biggest developments this week is how the price of gold – per troy ounce – has skyrocketed over the past few days. Finding the exact reason for this sudden spark of interest is rather difficult, albeit it is not entirely surprising given the current financial turmoil plaguing big parts of the world. Gold Price Shows Signs of a Bitcoin Surge It is quite uncanny to see how all of the financial markets around the world are seemingly correlated to one another.
The post Gold Price Rises Strongly as Bitcoin Value Shows Bullish Momentum appeared first on The Merkle Hash.
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