$123,261.00
1.13%$4,521.12
0.69%$1,307.16
-0.49%$2.90
0.97%$228.64
2.39%$0.999657
0.00%$0.257908
3.16%$4,522.31
0.75%$0.341817
0.98%$0.839501
1.67%$5,495.88
0.56%$4,880.38
0.70%$123,450.00
1.14%$22.55
2.34%$1.00
0.04%$1.017
2.05%$3.53
2.14%$46.30
2.34%$0.389963
0.86%$28.93
2.40%$4,880.31
0.74%$583.68
0.95%$4,525.46
0.66%$0.219819
-0.12%$118.42
1.17%$9.66
0.06%$2.69
13.49%$1.00
0.06%$123,426.00
1.13%$0.999698
0.01%$1.00
0.02%$0.00001236
0.62%$2.78
0.39%$0.198428
0.93%$4.22
1.04%$44.38
0.66%$338.93
6.93%$1.20
0.03%$0.187746
2.95%$8.07
3.31%$223.82
2.75%$286.31
3.09%$0.576915
4.07%$0.00000958
0.53%$5.68
2.34%$2.99
1.14%$5.20
-2.28%$2.13
1.86%$282.41
2.29%$1.95
-5.79%$337.90
1.01%$19.73
3.00%$180.01
37.51%$0.922865
1.28%$9.23
-2.31%$1.00
0.00%$1.28
5.55%$245.17
2.20%$4,523.42
0.66%$0.999702
0.02%$0.999264
-0.11%$0.242046
0.91%$1.00
0.04%$4.52
1.73%$5.89
1.07%$0.434697
2.06%$1.07
-0.02%$0.00618422
-4.53%$0.03292165
7.27%$15.89
-0.50%$0.07594
0.49%$5,178.00
0.64%$16.76
0.61%$0.241606
-1.73%$0.225238
2.15%$4.17
2.40%$0.02287371
1.02%$0.999475
-0.02%$46.57
2.23%$4,769.09
0.63%$0.02340263
-0.73%$0.288068
0.14%$3.36
-1.17%$0.03483978
-0.73%$4,774.14
0.61%$0.999512
-0.02%$1,309.21
-0.72%$2.38
3.38%$4,886.82
0.57%$0.068334
1.71%$0.996434
-0.14%$0.872726
-4.80%$0.00002014
1.18%$7.74
2.22%$4,045.12
1.29%$102.32
1.17%$123,121.00
0.94%$4,796.06
0.61%$0.554563
-0.61%$1.55
6.98%$0.45051
1.08%$4.14
-7.52%$0.406407
-7.52%$0.722372
1.53%$0.073698
0.51%$0.732348
1.94%$1.28
0.17%$12.71
1.54%$123,186.00
1.03%$4,058.43
1.47%$1.50
2.49%$261.43
2.51%$1.13
0.05%$0.999672
0.03%$4,866.35
0.45%$0.618858
3.23%$5.65
85.38%$0.997742
-0.06%$0.285873
-4.33%$1.20
0.71%$5.54
0.94%$0.749693
-1.24%$303.91
2.31%$123,230.00
1.12%$1.093
-0.41%$0.0000998
-1.04%$124,075.00
3.55%$0.163458
2.87%$1.74
-2.79%$0.083514
1.28%$2.01
-0.25%$4,241.18
-0.89%$0.142969
0.25%$4,522.82
0.56%$4.78
-1.77%$123,012.00
1.34%$0.999944
-0.00%$0.150453
7.58%$112.86
0.01%$0.188166
1.98%$2.85
0.52%$0.283937
-1.21%$0.743766
0.12%$1.13
2.65%$0.73939
0.50%$0.01600685
3.55%$0.692606
1.43%$1.89
-5.00%$0.999687
-0.01%$21.54
3.71%$0.163315
-4.27%$10.85
0.01%$4,844.76
0.58%$4,518.44
0.48%$2,398.72
0.00%$0.99802
0.13%$0.00835305
-0.77%$4,525.45
0.63%$1.08
0.09%$0.669796
1.91%$0.274357
1.48%$11.62
-12.54%$0.257753
3.03%$0.052736
-3.32%$1.54
-5.89%$0.402324
0.34%$1.63
2.95%$0.327859
1.52%$1.80
0.33%$4,863.17
0.54%$0.01288441
1.77%$0.081597
-0.62%$0.618024
0.68%$4,984.06
0.66%$4,975.10
0.63%$0.372687
3.39%$2.80
-1.86%$0.402604
1.70%$0.0000006
0.40%$1.034
-0.13%$123,388.00
1.11%$0.1179
-5.75%$4,870.78
0.57%$0.997767
-0.04%$1.42
9.10%$0.582609
4.06%$0.02713158
5.37%$46.66
2.83%$26.09
0.76%$35.47
2.32%$6.68
0.25%$1.001
0.11%$0.506786
9.14%$253.48
2.16%$1,379.91
-0.69%$0.999591
-0.01%$4,494.20
0.63%$4,526.02
0.64%$46.37
2.00%$4,519.13
0.53%$28.92
2.17%$0.604538
0.99%$0.00925247
0.03%$1.00
0.02%$2.50
0.52%$1.10
0.02%$0.0151103
-0.68%$0.585126
2.11%$0.999632
0.00%$0.408775
3.86%$0.999706
0.01%$0.04557692
4.20%$6.31
3.40%$0.00000043
-0.03%$0.04282705
1.74%$0.0043834
-3.12%$42.92
0.99%$0.00098452
10.45%$1.10
-0.01%$0.057155
2.95%$1.18
1.73%$4,777.72
0.62%$0.0265122
1.22%$0.994857
-0.89%$32.66
6.68%$123,275.00
1.03%$151.76
-0.77%$5,513.15
0.58%$0.00455464
-3.02%$262.43
2.25%$0.389229
2.77%$6.02
2.47%$13.52
0.72%$0.01098053
-0.70%$0.163212
-3.19%$1.12
-0.88%$1.17
0.05%$1.097
-0.02%$0.112023
-10.94%$0.590764
1.07%$4,517.18
0.80%$0.00000182
47.95%$0.00608442
1.80%$2.20
2.16%$0.260657
1.67%$0.00001818
0.78%$1.21
-0.28%$21.98
0.67%Reading
The price of gold has fallen four percent today, continuing its price slide from last week.
Gold has a longstanding reputation as a hedge against uncertainty, with its price traditionally rising when other stocks are falling. Bitcoiners argue that the same applies to BitcoinBitcoin: that it is designed to counter an economy that prints money at will, and where inflation is rampant. They call it ‘digital gold’.
This narrative has come under strain over the last week. As the economy has fallen out of the sky, so has the price of Bitcoin. It is now down more than 50% from $9,600 to its current value of $4,770.
The mother of all weeks has seen Bitcoin in freefall. The biggest price drop since 2013 followed a WHO announcement of a global pandemic, and President Trump’s ban on flights between the US and Europe. Uncertainty gripped the financial markets, and sent cryptocurrencies plummeting along with other assets, stocks and bonds. On Thursday, Bitcoin had its worst day in history. Its price dropped from $7,900 to $4,600 over 40%. It then continued to drop, reaching a low of $3,850. While it’s bounced...
However, gold has been following the decline of the stock markets too. After rising 30% over the last year, it has dropped by 11% over the last nine days, seeing further declines today.
“Things are so bad that even gold is not a safe haven,” tweeted Bovell Global Macro, a hedge fund based in the Cayman Islands.
Few investments are performing well right now; the only exceptions are cash and certain stocks, such as products that support remote working.
Things are so bad that even gold is not a safe-haven.
— Bovell Global Macro (@Bovell_GM) March 16, 2020
Despite this, goldbugs remain certain that its status as a safe haven is secure.
According to the Telegraph, traders have been selling gold to cover losses in the stock market—or to buy stocks at a discount. And that, once the market rebounds, the prices should bounce back.
Peter Schiff, CEO of Euro Pacific Capital, tweeted: “Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary & fiscal policy mistakes will be. When they figure it out en masse, gold will skyrocket.”
Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary & fiscal policy mistakes will be. When they figure it out en masse, #gold will skyrocket.
— Peter Schiff (@PeterSchiff) March 16, 2020
Despite Bitcoin’s price drop, Bitcoiners are arguing the same thing. “Bitcoin is the world's greatest hedge to this,” Tyler Winklevoss, CEO of crypto exchange Gemini, tweeted, referring to the Fed’s decision to cut interest rates to near zero.
That is, if either Bitcoin or gold ever recover.
Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized exchange. In a press release, MetaMask said the integration is a direct response to the growing popularity of perpetual futures, which allow traders to make outsized bets on digital assets like Bitcoin and Ethereum using leverage, and unlike traditional features, don’t feature an expiration da...
Coinbase announced Wednesday it has begun offering crypto staking services in New York, after years of carving the state out of its lucrative yield programs due to regulators’ objections. New Yorkers can now earn yield by staking deposits of Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygona, and Polkadot on Coinbase. The most high-paying of those programs offers an estimated APY of over 16% on staked Cosmos. The company’s Ethereum staking program, by far its most popular, earns an estimated...
The largest federation of trade unions in the United States has thrown a wrench into the Senate's most ambitious crypto legislation to date, warning the bill lacks worker protections and would enable the industry to "operate in wider and deeper ways" without sufficient oversight. AFL-CIO Director of Government Affairs Jody Calemine accused the Responsible Financial Innovation Act of providing only "the facade of regulation" while actually weakening consumer protections, in a letter dated Tuesday...
