China News Today TheBitTimes.com

Gold has surged to fresh record highs, leaving Bitcoin (BTC) trailing behind, with a growing divergence in performance between the two assets. At press time, gold is trading above $3,036 per ounce, marking a strong 15% increase year-to-date (YTD). In contrast, Bitcoin has dropped 11% since the start of the year, trading at $83,517, highlighting a sharp discrepancy in returns. Bitcoin and Gold year-to-date chart. Source: TradingView The widening gap has prompted several strategists to suggest that the tide is turning decisively in favor of gold, as mounting macroeconomic uncertainties and escalating geopolitical tensions drive investors back toward the traditional safe-haven asset. Picks for you The Mythos Foundation brings MYTH staking on Mythos Chain 2 hours ago ...

Geopolitical tensions are nearing a fever pitch as the global south and the west face off. With de-dollarization efforts at the forefront, the two sides have shown no interest in budging. However, things took a twist for BRICS and the US this week, as the US dollar fell from its two-year high with President Donald Trump’s 100% tariff plan taking a turn. Throughout his campaign for reelection, Trump has not been shy about his perspective on the US dollar. Specifically, he has continued to maintain the importance of the greenback to remain the world’s currency. This week, he has shared an interesting update that adds the latest on what is an extended saga. Source: Watcher Guru Also Read: BRICS to Introduce Bitcoin Reserve? Us Expert Says Its Possible US Dollar Falls From 2-Year High as BRICS & Trump Saga Enters Another Chapter Since his 2024 presidential election win in November of last year, Donald Trump has targeted the BRICS alliance. He has issued a severe warning on the b...

Bitcoin (BTC) and gold have been expected to experience massive upsides through most of 2024 due to numerous financial, technical, and political reasons. Indeed, by October 4, both assets had been performing well, with gold trading near its all-time highs (ATH) and BTC, despite being well below its peak, substantially in the green year-to-date (YTD). Experts at the banking giant JPMorgan (NYSE: JPM), however, believe that both the commodity and the cryptocurrency have significantly more room to grow in the coming month. Picks for you IMF urges El Salvador to scale back Bitcoin law 38 mins ago Here are the AI startups ChatGPT-maker OpenAI fears the most 1 hour ago ...