Bitcoin hits $39,000 while gold approaches all-time high

Bitcoin hits $39,000 while gold approaches all-time high
фото показано с : cryptoslate.com

2023-12-2 20:25

Quick Take

After a stunning run-up, Bitcoin reached its year-to-date high on Dec. 1, touching $39,000.

The price action could be correlated to expected cuts to the federal funds rate in 2024.  Data from CME indicate a 57% probability of a rate cut in March 2024, hinting at a possible shift in the economic landscape.

Thus, the forthcoming meetings of the Federal Open Market Committee (FOMC) in December and January, which are currently predicted to result in a pause in the rate cycle, hold significant implications for the crypto market.

CME Fed Watch Tool: (Source: CMEGroup)

Concurrently, gold, often seen as a safe-haven asset, is teetering on the brink of its all-time high, having recently surpassed $2,060. This simultaneous surge in Bitcoin and gold underlines the intricate interplay between traditional and digital assets, a relationship likely influenced by anticipated macroeconomic shifts.

BTCUSD and Gold: (Source: Trading View)

The post Bitcoin hits $39,000 while gold approaches all-time high appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Voltage (HVCO) на Currencies.ru

$ 0.0147322 (-0.34%)
Объем 24H $0
Изменеия 24h: 1.48 %, 7d: 3.28 %
Cегодня L: $0.0147322 - H: $0.0147322
Капитализация $22.012k Rank 2124
Доступно / Всего 1.494m HVCO

high 2024 bitcoin rate cme data indicate

Источник: cryptoslate.com

high 2024 → Результатов: 30


Фото:

Bitcoin already in fifth bull market, to reach $125,000 by December 2024 – Matrixport

Bitcoin’s (BTC) price is expected to rally to as high as $125,000 by the end of 2024, crypto services provider Matrixport said in an Oct. 26 note shared with CryptoSlate. This prediction is based on the institution’s belief that the market has entered the fifth phase of Bitcoin’s bull market, primarily driven by “the expectations of […] The post Bitcoin already in fifth bull market, to reach $125,000 by December 2024 – Matrixport appeared first on CryptoSlate.

2023-10-26 15:10


Standard Chartered, Matrixport foresee Bitcoin hitting $120k next year

International bank Standard Chartered predicted that Bitcoin’s (BTC) price could end the year as high as $50,000 and reach $120,000 by next year, according to a July 10 Reuters report. Standard’s Chartered prediction is congruent with Matrixport, a crypto financial services platform that predicted BTC’s price to reach $125,000 by 2024 in a report shared […] The post Standard Chartered, Matrixport foresee Bitcoin hitting $120k next year appeared first on CryptoSlate.

2023-7-10 16:50


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Nomic upgrade to unlock new DeFi possibilities on Cosmos

Turbofish, a key contributor to Nomic, has revealed an impending interchain upgrade to Nomic. This non-custodial Bitcoin (BTC) bridge’s upgrade promises to drastically enhance interoperability, facilitating Cosmos’ decentralized finance (DeFi) users to access vital digital asset DeFi protocols like Osmosis seamlessly.

Dormant Bitcoin re-enters circulation as sleeping giants stir

Quick Take The Bitcoin ecosystem has recently witnessed a noteworthy trend as a substantial quantity of coins, dormant for years, have sprung back into circulation. Data from Glassnode reveals a significant increase in the transfer volume of previously dormant coins for periods of over 1, 2, 3, and 5 years.