With the arrival of the price of gold to a new historical maximum last week, above 2,685 dollars (USD) per ounce, expectations about its continuity have grown. “We raise our forecasts for gold to USD 2,750 per ounce by the end of 2024,” he said in a report the Swiss investment bank UBS. This is … Read more
The Chinese government must maintain a delicate balance if it wants to avoid serious consequences. Globally, the “China effect” is already making an impact. China, the country with the largest gross domestic product (GDP) in the world and therefore a global economic power, faces a seemingly contradictory situation in its finances. On the one hand, … Read more
This week will be full of different reports and events from the financial world that could influence investors’ operations. Therefore, depending on how they are perceived, it is possible to see their impact on the prices of assets, including bitcoin (BTC) and cryptocurrencies. First of all, A speech by Jerome Powell, president of the Federal … Read more
There is one day left until October begins. This is, along with February, one of the most historically bullish months for the price of bitcoin (BTC). Since 2013, bitcoin closed 9 Octobers with positive returns and only 2 slightly negative Octobers. The following graph, taken from the platform CoinGlassallows us to observe this historical behavior … Read more
Key facts: The influence of the main world financial power on bitcoin is undeniable. If hyperbitcoinization becomes a reality, it would upset the balance of economic power. Since its birth in the shadows of the 2008 financial crisis, bitcoin (BTC), the digital currency created by Satoshi Nakamoto, sparked a revolution: a decentralized economy, free from … Read more
Emerging markets give a clear sign of strength by having a general increase in their prices for the sixth consecutive day. “Emerging markets” are called developing economies that are experiencing rapid growth and industrial expansion, although they still have lower levels of infrastructure and financial stability than those of developed markets. In the stock market … Read more
The publication of the personal consumption expenditure (PCE) price index in the United States this morning has raised expectations of greater liquidity for the markets. This is something that is positive for bitcoin (BTC) and cryptocurrencies. The annual PCE fell from 2.5% to 2.2%which is 0.1% below expectations. With this result, it marked its lowest … Read more
The price of Bitcoin (BTC) has just surpassed $65,500 (USD), breaking the downward trend that it had been in for six months since it reached a record high. While Bitcoin has been mostly range-bound for the past six months, it was seeing increasingly lower highs. That’s why it looked like it was mired in a … Read more
Bitcoin (BTC) has been trading sideways for six months in a range below its most recent all-time high price. However, according to Jacobo Maximiliano, an analyst at the Bitget exchange, this trend could reverse in the short term. In a report sent to CriptoNoticias, the analyst sees “bitcoin heading for a new all-time high in … Read more
The market is showing great interest in accumulating bitcoin (BTC) and/or having exposure to its price. One example of this is that ETFs based on the digital currency listed on US stock exchanges recorded their fifth consecutive day of capital inflows yesterday, Wednesday. In total, Money flow into bitcoin ETFs was $105.84 million during the … Read more