$96,415.00
2.19%$1,827.33
1.44%$2.14
1.21%$604.17
0.90%$145.91
0.97%$0.999973
-0.00%$0.171936
1.48%$0.676266
2.55%$0.244203
-1.03%$1,825.61
1.43%$96,336.00
2.40%$3.38
1.06%$13.90
2.57%$19.85
0.50%$0.2607
0.87%$8.73
0.80%$2,195.01
1.36%$0.00001278
0.82%$0.999797
-0.01%$3.00
-0.25%$374.87
4.22%$0.176253
1.42%$20.75
2.65%$91.36
10.65%$3.95
1.41%$288.49
3.14%$1,827.52
1.47%$0.999884
-0.04%$4.31
0.37%$1.001
0.02%$96,424.00
2.23%$1,949.17
1.44%$0.580236
-1.02%$28.15
-1.18%$0.00000801
1.16%$371.14
-0.57%$50.68
-0.15%$4.78
-2.41%$4.91
-0.21%$1.00
0.00%$1.05
0.02%$2.30
-1.35%$0.866961
0.34%$21.46
0.05%$0.091727
4.04%$173.96
0.87%$16.27
1.74%$4.63
0.91%$0.712002
-0.30%$29.63
-0.30%$0.089758
-4.47%$4.30
-1.24%$10.90
-0.32%$0.02478847
-0.36%$0.999826
0.04%$1.17
0.03%$96,263.00
2.47%$0.218626
-0.57%$4.14
1.91%$4.30
0.18%$0.686103
2.73%$0.199141
0.11%$2.57
-1.44%$0.512562
0.13%$0.270244
1.91%$0.998576
-0.06%$4.10
0.82%$2.36
-0.30%$0.30777
-0.31%$10.77
0.01%$96,007.00
1.77%$0.00001682
-2.80%$0.948454
7.68%$86.72
3.27%$0.824514
6.61%$1.24
-0.51%$1,479.42
-3.44%$0.01887311
1.98%$0.419459
-1.88%$153.43
1.11%$0.072217
-1.55%$1,827.11
1.38%$0.691913
-1.47%$0.999578
-0.02%$1,903.71
1.54%$1.02
-9.23%$3.75
2.26%$0.608659
-3.55%$0.196193
-2.44%$0.527975
-4.19%$1.45
-11.76%$9.30
0.06%$0.676667
-0.50%$1.00
-0.02%$0.999717
0.00%$15.25
0.88%$0.090695
-0.69%$2,071.50
1.31%$3,386.35
0.65%$3,390.61
0.59%$0.999831
0.00%$0.197632
-2.52%$604.10
0.85%$96,249.00
2.07%$188.23
1.02%$0.01545677
-0.82%$96,905.00
3.09%$161.46
0.99%$0.00007667
-0.73%$95,729.00
2.02%$36.61
-1.38%$0.711754
-1.91%$0.564948
-3.81%$2.43
3.35%$0.01121843
-4.46%$0.701485
0.22%$0.781156
0.41%$1,946.25
1.36%$0.00000069
-1.49%$3.71
-1.94%$0.0151196
-0.65%$0.11424
1.52%$0.27234
-0.83%$0.998041
-0.02%$1.99
-0.84%$0.998536
0.47%$37.96
5.62%$17.90
2.43%$1.098
-0.49%$1,912.61
1.47%$0.368718
-2.14%$0.01717395
5.17%$0.571836
2.19%$0.537055
-0.56%$0.294112
-1.54%$0.052539
0.61%$3.19
-0.02%$101,093.00
5.66%$1.57
-2.59%$0.998486
0.06%$0.00536809
-0.52%$96,207.00
2.07%$1,910.28
1.40%$0.601027
0.55%$1.00
0.00%$0.131915
-5.32%$0.066965
-0.53%$110.95
0.01%$0.00830508
-3.49%$0.434808
-0.24%$0.999996
0.00%$0.494667
-4.78%$96,086.00
2.54%$0.388593
-3.72%$1.27
2.60%$6.76
-2.58%$95,438.00
8.98%$0.17185
1.38%$0.560642
-2.96%$0.173201
-4.99%$15.14
-2.50%$1,826.74
1.45%$0.00002092
-2.96%$1.50
2.86%$0.132488
2.64%$0.00000041
-1.26%$0.155652
10.79%$1.085
-0.01%$1.00
0.07%$0.15999
-8.72%$1,946.00
1.40%$0.486442
-1.39%$1,827.63
1.45%$0.00737964
-1.58%$0.395119
2.15%$5.46
0.85%$0.03927486
-0.96%$1.76
-35.91%$0.00542307
-4.93%$2.31
-0.54%$1,826.38
1.38%$0.385604
-6.99%$1.48
-10.19%$1,827.61
1.68%$0.071363
-1.17%$0.21899
-0.35%$32.51
0.58%$1.00
0.04%$1.34
-2.62%$21.51
-0.44%$0.076703
-2.35%$38.65
0.65%$2.89
-3.18%$0.17009
-2.69%$0.00401699
1.10%$0.01749382
-1.03%$0.03383724
-3.95%$1,873.99
2.18%$0.347193
-2.14%$0.998744
-0.04%$0.0000586
-1.17%$0.762121
-1.15%$0.999714
-0.02%$1.00
0.01%$0.999723
0.03%$0.485298
-1.71%$96,364.00
2.09%$0.678194
-0.53%$0.00000148
2.50%$0.301216
4.75%$0.652852
0.17%$20.72
2.30%$1,816.39
1.22%$97,265.00
3.58%$110.87
1.45%$3,387.66
1.52%$0.258309
-5.12%$0.00281048
4.05%$1.00
0.02%$1.13
35.31%$19.83
0.44%$2.44
-2.14%$0.218785
-2.83%$0.128339
-4.08%$0.454459
-11.64%$0.246013
28.54%$2.79
-0.83%$0.0309293
0.60%$1,936.83
1.55%$0.188782
-2.83%$0.521149
-1.60%$1.098
0.04%$21.12
-3.18%$3.15
9.88%$0.00000065
3.92%$0.252994
-2.96%$1,936.12
2.20%$2,006.11
1.48%$1.53
1.25%$0.999582
0.01%$0.999716
0.02%$96,261.00
4.02%$14.68
0.52%$1,989.91
1.43%$0.03486979
-3.83%$1,827.55
1.44%$0.996149
-0.04%$1.14
0.31%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.
Bitcoin-backed loans are now available for Strike's American customers, the payment app's CEO announced Tuesday. Strike boss Jack Mallers posted a video on X explaining the new service. Customers from a total of 26 U.S. states are eligible to secure loans starting from between $75,000 to $100,000, depending on the state, the firm's website says. Mallers said that the service will soon be available in other regions, including Europe. Announcing Strike Lending You shouldn’t have to sell the bes...
Publicly traded AI-powered real estate software company DeFi Development Corp. (formerly Janover) added to its flurry of strategic Solana moves Tuesday by announcing that it purchased another $11.2 million worth of SOL—one day after it announced the acquisition of a Solana validator company. The firm’s latest purchase added 82,405 SOL at an average price of $135.58, bringing its total Solana holdings to more than 400,000 tokens valued above $58 million. “The SOL stackin' saga continues!” the co...
Citigroup will join with Switzerland's Six Digital Exchange to offer tokenized shares in pre-IPO companies, with a start date in this year’s third quarter, the multi-national banking firms said Tuesday in a press release. Citi will tokenize and custody companies’ shares on the exchange, bringing "high-growth, venture-backed private companies" to institutional investors on SDX’s platform, according to their joint statement. The tokenization of those assets will simplify liquidity management for...
