Live Feed

Gold Skyrockets Past $4K, Bitcoin (BTC) Looks South as Dollar Index Hits 2-Month

Bitcoin and gold have diverged over the past 24 hours amid a strengthening dollar index. Gold has surged to record highs above $4,000, while Bitcoin's price has dropped 2.4% to approximately $121,340. This decline follows Bitcoin's failure to breach a key resistance level above $126,000 earlier in the week. The dollar index, which tracks the greenback against other fiat currencies, has reached its highest level since early August at 98.90, exerting downward pressure on USD-denominated assets like Bitcoin and gold. Conversely, the increase in gold prices is bolstered by strong inflows into gold-linked exchange-traded funds (ETFs), with recent purchases pushing total holdings to levels not seen since September 2022. This influx is fueled by investor demand for gold as a safe haven amid geopolitical tensions and a shift from the U.S. dollar. Gold-backed tokens have also surpassed the $4,000 mark, indicating a broader sentiment toward gold in the current market landscape.

Source 🔗

How to spot coins before they get listed on Binance or Coinbase

The cryptocurrency market offers opportunities for investors who can identify promising tokens before they are listed on major exchanges like Binance or Coinbase. Key strategies include monitoring social media platforms like X, Reddit, Discord, and Telegram for early signals of interest and potential hype. Utilizing tools such as LunarCrush can

Bitcoin to $140K by Month End? Bullish Hopes Remain Even as Tuesday Drop Sends ETH, XRP, SOL Down 5%

Bitcoin is trading around $122,000 after recently peaking at $126,200, with some market analysts still hopeful for a rise to $140,000 by the end of October. Economist Timothy Peterson suggests there is a 50% chance Bitcoin could finish the month above $140,000, based on a decade

A ‘spooky’ Ethereum correlation suggests an imminent breakout

Ethereum has shown a strong correlation with small-cap stocks, particularly the Russell 2000 index, which is sensitive to interest rates. Analysts suggest that both assets could gain momentum in light of potential interest rate cuts from the Federal Reserve. Current market conditions indicate a 95.7% probability of a 0.

Read next