9 Articles
9 Articles
MILESTONE | Gold Hits Historic High and Nearly Adds Bitcoin’s Entire Market Cap in a Single Day
Gold has experienced a powerful rally adding an astonishing $1.5 trillion to its market capitalization in just one day. The precious metal broke through $5,500 per troy ounce, pushing its total market cap to around $34 trillion with the one-day gain nearly matching Bitcoin’s roughly $1.75 trillion market cap, according to Infinite Market Cap data. Silver also posted strong gains, rallying 21.5% over the past week and reaching a market cap of abo…
Bitcoin again failed to retake the USD $90,000 and sank to USD $84,000 this Thursday. Gold took advantage of it to attract in a single day the full capitalization of Bitcoin. Meanwhile, oil is incorporated into the rally driven by the “devaluation trade.” Is Bitcoin now undervalued? *** Bitcoin failed again to retake the USD $90,000. The ‘digital gold’ premise in question now that gold exceeds the crypto currency. In a single day, gold attracted…
Gold in “extreme greed” sentiment as it adds the entire bitcoin market cap in one day - Technology Shout
Gold’s rise is starting to look less like a steady trend and more like a crowded event. The yellow metal topped $5,500 an ounce late Wednesday, a pace that would see its nominal value rise by about $1.6 trillion in a day, equivalent to the size of Bitcoin’s entire market capitalization. This is a strong comparison with fine print, as gold “market cap” is an estimate based on above-ground supply, not a float-adjusted stock-style measure. But it c…
Why is Crypto Down Today? Gold Price Smashes $5,600 as the Dollar Slips and Liquidity Floods the System
The gold price gained more market cap in one day than Bitcoin’s entire market cap. I cannot imagine how smug gold bug Peter Schiff is right now. Ray Dalio, Schiff, they were all right…The USA is collapsing in real time. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.pos…
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