Gold

Gold

Markets

Asia Morning Briefing: Bitcoin Holds Ground as Traders Sit on Stablecoins Before Fed Decision

The market is confident that the Fed will cut rates. But crypto traders are still waiting for confirmation.

High-resolution image of numerous shiny gold bitcoin tokens stacked together.

Markets

Citi Says Crypto’s Correlation With Stocks Tightens as Volatility Returns

The bank noted that bitcoin and ether are once again moving in step with U.S. equities and gold.

A pair of hands resting on a keyboard with an iPad showing graphs and price quotes. (Kanchanara/Unsplash/Modified by CoinDesk)

Markets

Has Bitcoin Peaked This Cycle or Is There More Fuel in the Tank?

Bitcoin faces its defining moment of the cycle—historical patterns point to a peak, but market structure suggest the rally may not be over.

BTC vs Mag 7 (TradingView)

Markets

Bitcoin Shines as a 'Liquidity Barometer,' Not an Inflation Hedge, NYDIG Says

Gold, traditionally seen as an inflation hedge, also shows inconsistent and often negative correlations with inflation, the data shows.

Here's what bitcoin bulls are saying as price remains stuck during global rally

Finance

Tether Eyes Fresh Investments to Push USAT Stablecoin to 100M Americans at December Launch

Tether plans to launch its U.S.-compliant stablecoin USAT in December, aiming for mass reach in the creator economy, CEO Paolo Ardoino said in a CoinDesk interview.

Tether CEO Paolo Ardoino at White House

Markets

Gold Token Market Swells to $3.9B as CZ Calls It a 'Trust Me Bro' Asset

The tokens raise similar concerns to stablecoins, with potential risks around delivery, long-term reliability and the ability to redeem for physical gold.

Stacked gold bars (Scottsdale Mint/Unsplash/Modified by CoinDesk)

Markets

Bitcoin Catches Bid, Jumping Above $112K as Gold and Silver Plunge

Watching from the sidelines for weeks as precious metals scored record highs on a regular basis, bitcoin on Tuesday was gaining as gold and silver posted their steepest declines in years.

CoinDesk

Markets

Gold's Record Frenzy Spurs Tokenized Gold’s $1B Daily Volume

Investors are increasingly tapping gold-backed crypto tokens for active trading and hedging, a CEX.io report said.

Close-up of stacked gold bars. (Jingming Pan/Unsplash)

Markets

Gold Tests Key Resistance Level That Could Signal the Next Bullish Phase

Bitcoin is now just 7% of gold’s total market value as it nears a $2 trillion market cap.

Gold vs M2 Money Supply (TradingView)

Markets

Bitcoin Hits Most Oversold Level Against Gold in 3 Years as BTC Risks Falling Below $100K

The BTC/Gold ratio looks most oversold since November 2022, according to the RSI indicator.

Magnifying glass