Gold Set to Hit $2,200 with Silver Expected to Rise When Federal Reserve Begins Cutting Rates, Says UBS
A UBS strategist says that both gold and Bitcoin will benefit from the Fed when the agency decides to cut interest rates.
A UBS strategist says that both gold and Bitcoin will benefit from the Fed when the agency decides to cut interest rates.
The rise in Bitcoin price and the reduction in production quantity may offer Bitcoin some bullishness but also make it scarcer than gold.
The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH.
For many crypto enthusiasts and market participants, all indications point to the fact that Bitcoin could hit over $60,000 by April 2024.
Several market analysts believe that the Gold price rally can continue further with the potential to hit $2,2000 by the end of 2024.
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year.
Nexo’s futures markets aren’t targeted at high-leverage traders of existing perps exchanges. Rather, they’re designed for Nexo’s existing customer base, as well as users of other exchanges who’ve yet to experiment with leveraged products.
For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake.
Cboe Digital’s planned launch of margin Bitcoin and Ethereum futures is set to complement its existing spot crypto market, which includes trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC
The decline in oil prices followed the release of China’s mixed economic data. This data countered the impact of oil production cuts by Saudi Arabia and Russia.
The latest commodity trading prices for oil, natural gas, gold, silver, wheat, corn and more on the U.S. commodities & futures market.