Gold futures are poised to finish October about three percent higher, trading around $1,800 per ounce. However, year-to-date, the precious metal is still down approximately five percent. Silver, which is on track for a nine percent gain this month, has performed even worse in 2021 as prices have slumped roughly nine percent year-to-date. It has…
NTD Business Full Broadcast (Oct. 25)
Democrats move forward with a plan to tax wealthy Americans on profits they’re yet to see. What’s a tax on unrealized capital gains? Tesla shares jump Monday, as it receives its biggest order ever from a single buyer—its market cap, crossing $1 trillion for the first time. Mastercard is expanding its bitcoin features. The company…
Bitcoin Flash Crashes to $8,000 on Binance.US
Earlier today, Bitcoin (BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world’s top crypto exchange Binance. What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop…
Bitcoin Hovers Below Peak, Doubts Linger Over Boost From US ETF
LONDON/HONG KONG—Bitcoin hovered on Thursday below its all-time high struck a day earlier after the launch of the first U.S. bitcoin futures exchange-traded fund, though J.P. Morgan analysts voiced doubt over its impact on cryptocurrency investment flows. The world’s largest cryptocurrency traded flat at $66,032, erasing slim losses made in Asian trading hours, after hitting…
Dollar Dips as Risk Sentiment Improves, Bitcoin Hits Record High
October 20, 2021
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NEW YORK—The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. The greenback hit a one-year high against a basket of other currencies last week as market participants ramped up…
Seek ‘Real Assets’ Not Bitcoin for Inflation Protection, Says Gold Bull Peter Schiff
Gold is not the only tool to hedge against inflation, but bitcoin, which is sheer speculation, can’t be an inflation hedge, says Schiff.
Bitcoin Sits Below All-Time High After US ETF Debut
October 20, 2021
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HONG KONG—Bitcoin hovered below record levels on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive investment into the digital asset. The world’s leading cryptocurrency was last at $63,998, off 0.4 percent, but still within a short jump of its…
US Futures-Based Bitcoin ETF Rises in First Day of Trading, Bitcoin Nears Record
October 19, 2021
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NEW YORK—The first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading on Tuesday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could boost investment flows into cryptocurrencies. The ProShares Bitcoin Strategy ETF closed up 2.59 percent at $41.94 in its first day of trading, with around…
Bitcoin on Cusp of All-Time High Ahead of Futures ETF Listing
October 19, 2021
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LONDON—Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange-traded fund could herald investment flows into cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, rose as much as 1.5 percent during the Asia session to $62,991, its highest since mid-April…
Bitcoin Hovers Near 6-Month High on ETF Hopes, Inflation Worries
October 18, 2021
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TOKYO—Bitcoin hovered near six-month highs on Monday in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes. If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund…
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