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Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year

Indian households are known for their affinity for gold but 2020 brought in a notable shift in investment allocation. While Indians own more than 25,000 tons of gold, investments in cryptocurrencies soared from about $200 million to almost $40 billion in the past year despite a proposed trading ban and outright hostility toward the asset […] The post Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year appeared first on Invezz. дальше »

2021-6-28 16:25


Bitcoin’s Correlation with S&P 500 Jumps to A New High, But So Does With Gold

The price of Bitcoin has jumped nearly 90% since hitting a year low in mid-March, currently trading above $7,300. Not just price, the hash rate has also started coming back up, increasing by 7.3%. This means inefficient miners have started to capitulate and are being replaced by efficiency miners, “which is positive for the long-term […] дальше »

2020-4-9 19:29


Bitcoin's correlation to gold depends on better reaction to macro-economic info

After a strong start to the year, Bitcoin, the world's largest cryptocurrency, has continued to take positive strides. Bitcoin pumped its valuation from under $7400 to $8895 from 5th to 14th JanuarThe post Bitcoin's correlation to gold depends on better reaction to macro-economic info appeared first on AMBCrypto. дальше »

2020-1-16 03:30


OneGold Launches Mobile App WIth BitPay, Allowing Users To Buy Gold With Crypto

Bullion Company, OneGold Inc. introduces crypto payments on its mobile application after a successful run so far in providing crypto payment gateways to purchase gold and silver. The precious metal marketplace announced they would be accepting crypto payments a year ago, and have since accepted over $50 million in Bitcoin-based payments for gold, which represents […] дальше »

2020-1-15 20:27