Tether increases its Bitcoin and gold holdings to $4.8B and $5B respectively
Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024. Tether’s Bitcoin and gold holdings increased to $4.8B and $5B, respectively. Tether’s net equity doubled to $14.2B, while it faces ongoing legal challenges. Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest Q3 2024 Consolidated […]
Paul Tudor Jones says he’s long gold and Bitcoin
Billionaire Paul Tudor Jones is bullish on gold and Bitcoin The hedge fund manager told CNBC that commodities are under-owned Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote. The billionaire hedge […]
Gold ETFs down $2.4 billion in 2024 as BTC and this memecoin soak up liquidity
It’s 2024, and the investment landscape is undeniably shifting – traditional safe havens like gold ETFs are experiencing notable outflows in contrast to Bitcoin ETFs, which have seen a substantial increase in interest since their debut at the beginning of the year. This change suggests investors are exploring new territories, possibly looking for alternatives that […]
Bitcoin’s correlation with gold sinks to two-year low, a warning for investors
Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a risk-on asset This may change in the future, but for now, Bitcoin resides on the long-end of the risk spectrum With full effects of tight monetary policy still to come, market should not get ahead of […]
‘crypto is digitalising gold in many way’
BlackRock CEO Larry Fink was all praise for BTC in a recent interview. The asset manager refiled for a Spot Bitcoin ETF earlier this week. Bitcoin is currently up close to 90% versus the start of the year. Bitcoin made a new 52-week high this morning after Larry Fink – the Chief Executive of BlackRock […]
Bitcoin correlation with gold drops, highlighting risk-on nature remains
Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […]