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Mike McGlone is dusting off one of his old calls — the kind that made headlines in 2018 — and applying it to today’s overheated crypto market. McGlone Sees a Deeper Pullback Forming The Bloomberg strategist Mike McGlone says his earlier prediction that bitcoin would “drop a zero” when it traded near $10,000 was only … Read more
Tuesday brought a full-blown market massacre as artificial intelligence (AI) valuation panic and a cocktail of macroeconomic worries vaporized $730 billion from U.S. equities. Meanwhile, the crypto crowd didn’t escape unscathed — $289 billion in digital assets vanished overnight, and even precious metals caught the blues, slumping alongside everything else. Volatility Strikes Back: Bitcoin, Stocks, … Read more
Peter Schiff, a known gold bug, argued that because of the behavior that bitcoin and gold registered yesterday in response to the rate cut announced by the Federal Reserve, the former cannot be taken as a digital form of the latter. Peter Schiff Blasts Bitcoin Performance After Rate Cuts, Calls It ‘Fool’s Gold’ The Facts … Read more
During a quarter when prices reached several record highs, central banks stepped up their purchases to reach 220 tonnes from July to September. The number represents an acceleration compared to Q2 numbers, which only registered 166 tonnes. These institutions have added 634 tonnes YTD. Central Banks Purchased 220 Tonnes of Gold During Q3 The Facts … Read more
This week, Tether—the world’s heavyweight in stablecoin issuance—rolled out its latest attestation report for XAUT, the company’s gold-backed digital token. The glittering takeaway? XAUT’s total market cap just struck $2 billion, claiming nearly 54% of the $3.71 billion tied up in gold-pegged assets. Tether’s XAUT Hits $2 Billion as Gold Token Market Shines at $3.7B … Read more
Spot gold tripped the $4,000 wire and landed at $3,991 per troy ounce, while silver parked at $46.47—two high-flyers finally catching their breath after brushing record altitudes. Gold Dips to $3,991; Silver Steadies Around $46 Gold’s dip below the big round number came as U.S.-China trade chatter brightened and equities put on a sunnier face, … Read more
As the weekend winds down, fine gold is lounging at $4,111 per ounce while silver glides at $48.53—both catching their breath after a long stretch of heavy profit-taking this past week that followed an earlier rally this month. Gold Prices Hold the Line as Prices Retreat From Record $4,377 Peak The week after bitcoin ( … Read more
Surprise CZ pardon, Tempo’s $500M raise, Gold’s biggest crash since 2013, bitcoin options’ record open interest, and Arthur Hayes’ $1M bitcoin prophecy in this Week in Review. Week in Review Surprise CZ pardon sent BNB up nearly 6% after President Trump’s pardon of Binance founder, a move that split Crypto Twitter; Stripe-backed Tempo raised $500M … Read more
While gold prices fell sharply recently, JPMorgan analysts believe that the fundamentals behind the recent bull market are still intact. If commodity trend sellers fueled the recent selloff, it’s possible that gold might rise 110% by 2028, substituting bonds in some portfolios. Double or Nothing: JPMorgan Expects Gold Prices to Shoot up as It Takes … Read more
A top analyst sees an inevitable bitcoin dip below $100K as gold’s rally falters, signaling a potential turning point where tightening liquidity and shifting sentiment could ignite a powerful resurgence in digital assets over traditional stores of value. Gold-to- Bitcoin Rotation Takes Shape as Analyst Warns of BTC Dip Below $100K Market turbulence is intensifying … Read more