Bitcoin Trades Like Gold Again 2023
Bitcoin’s 90-day correlation with gold surpasses 0.5, last seen in 2020, amid U.S. debt exceeding $40T and Treasury buybacks doubling to $4B. #Update #Crypto $BTC
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Ethereum: Tokenized Gold Boosts SOL Staking
Flowra and KorDA signed an MOU to use KGLD gold-backed tokens as collateral for $SOL staking, targeting the $6B tokenized gold market. #Update #Crypto $SOL
Bitcoin Behaves Like Digital Gold Surging
Bitcoin’s three-month correlation with gold has reached a six-year high, as it gained 22.4% last week amid economic shifts, suggesting its role as a hedge against currency debasement. #Update #Crypto $BTC
Kiyosaki Faces $1.2B Debt Crisis
Robert Kiyosaki, author of “Rich Dad Poor Dad,” holds $1.2B in real estate-backed debt, emphasizing bitcoin as a hedge against inflation and dollar risk. #Update #Crypto $BTC
GOLD Token Scam Earns 312K for 15 Wallets
Lookonchain identified a potential rug pull involving the GOLD token on Solana, with linked wallets profiting $312K from selling 224.5M tokens. Trump Coins denied any association with the project. #Update #Crypto $SOL
Bitcoin Gains as Salinas Invests Millions
Mexican billionaire Ricardo Salinas increases his bitcoin holdings to 80% of his liquid portfolio, up from 70%, amid recent market dip. #Update #Crypto $BTC
Bitcoin Endorsed as Gold Targets $35K
Robert Kiyosaki reaffirms his support for $BTC, $ETH, and gold amid market uncertainty, predicting gold to reach $35,000 by 2035. #Update #Crypto $BTC
Bitcoin Surges to $66K on US-Iran Deal
Bitcoin hits $66,600 amid US-Iran peace deal, boosting crypto and equities; $ETH up 6.5%, $XRP 8.7%, $SOL 7.4%. FOMC decision looms. #Update #Crypto $BTC
Coinbase Launches 24/7 Gold Silver Futures
@CoinbaseDerivs launches 24/7 gold and silver futures for US traders, expanding regulated commodity offerings. Oil futures are planned next. Contracts are CFTC-regulated. #Update #Finance
Bitcoin Suppression Ends Predicts Luke Gromen
Bitcoin’s price may stall between $58K-$72K due to derivatives absorbing demand, says Luke Gromen, likening it to gold’s market dynamics. #Update #Crypto $BTC
Tether Launches Gold-Backed Visa Card
Tether commits $1M in XAUT to launch the world’s first gold-backed Visa card with Fasset, offering up to 6% cashback in XAUT. #Update #Crypto $USDT
Gold Surges Past US Treasuries in Reserves
Gold has overtaken U.S. Treasury bonds in global reserves for the first time, driven by geopolitical tensions and central bank purchases, prompting discussions on cryptocurrency’s role in reserve allocations. #Update #Crypto $BTC
Tether Launches Visa Card with Gold Cashback
Tether launches the first Visa card linked to tokenized gold, XAUT, allowing users to earn up to 6% cashback while converting transactions into fiat. $1M allocated for rewards. #Update #Crypto $XAUT
Gold Surges Past US Treasuries in Reserves
Gold now comprises 27% of global official reserves, surpassing U.S. Treasuries at 22%, driven by valuation gains amid geopolitical risks, according to the ECB. #Update #Finance