Explained
Bitcoin and gold often display a recurring pattern during the Christmas rally. Their movements are shaped by Federal Reserve policy, inflation trends and overall market liquidity.
Bitcoin Gold News
Bitcoin Gold (BTG) is a new kind of cryptocurrency that came about as a result of a Bitcoin hard fork and is aimed to be more decentralized than Bitcoin. BTG was founded in 2017 by Jack Liao, who was CEO of the mining software company Lightning ASIC, headquartered in Hong Kong. BTG uses the same PoW consensus algorithm as BTC does, so the main difference between them is the use of Equilash hash algorithm instead of SHA 256 in order to prevent Bitcoin Gold mining unless it is done with ASIC equipment. Bitcoin Gold’s price also depends on buyers’ interest and, despite the fact that many BTC holders have exchanged their crypto money for BTG when it first appeared, Bitcoin Gold’s future is still unknown, as currently it is only ranked 20th by market cap.
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The move marks the debut of Nasdaq’s first Tether Gold-backed corporate treasury, which will be established via a $150 million financing round.
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The massive whale previously rotated about $5 billion worth of Bitcoin into Ether after holding the BTC stash for seven years.
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Bitcoin volatility drops to a 563-day low, suggesting asset maturity as Arthur Hayes forecasts a $1 million BTC price by 2028 amid rising ETF flows and investor confidence.
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Bitcoin ETFs recorded their highest inflows in over three months as investors regained confidence.
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Tokenized gold trading volume surpassed $1 billion as Trump’s tariffs drove investors toward safe-haven assets, pushing gold-backed tokens to two-year highs.
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Bernstein’s report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election.
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Is gold becoming inflationary? Can Bitcoin replace it as a store of value due to its scarcity and reliability? Are Uganda’s numbers implausible? Questions arise.
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Investors could be mistakenly linking the bank with the 2017 Bitcoin hard fork, causing a spike in price and trading action.
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ASIC miners are the best option for Bitcoin network security well into the future, new research has found.
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Goldman Sachs will soon host a conference call discussing the impacts of the current economic crisis on Bitcoin, gold, and inflation.
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BTCs halving seems to be the only one on the minds of traders, with several forks correlating with BTC in the run-up to their halvings.
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Bitcoin Gold appears to have been taken over by a single whale that controls price action and is preventing the coin from rising too quickly for a later sell-off.
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The Bitcoin Gold blockchain suffered a second 51% attack in two years, leading to $70,000 worth of BTG being double spent.
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California-based crypto wallet service Abra will restrict U.S. users from holding EOS and other altcoins in August.
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