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#$BTC Bitcoin Isn't at a Record Like Gold and S&P 500, but an Overlooked Catalyst Suggests a Coming Change
The downtrend in the yen has resumed in strong fashion, a good sign for risk assets, crypto among them.
Gold has made another all-time high, climbing through $2,700 per ounce, as has the S&P 500, which rose above 5,870 on Thursday.
While bitcoin is up 15% from the October low and appears set to rechallenge the $70,000 level, it remains about 8% below its record high recorded seven months ago.
A fresh weakening trend in the Japanese yen bodes well for risk assets going forward.$BTC
Bitcoin's (BTC) 8% rally this week has, outperformed gold and the S&P 500, but the cryptocurrency is still below its all-time high, while the yellow metal and benchmark U.S. stock index each climbed to new records.
At $2,718, gold is up 32% year-to-date and on its way to its best annual performance since 2010, when it rose 38%. The S&P 500, meanwhile, is ahead about 23% for 2024. Though not joining in the fun of new records after what's now a seven-month period of sideways-to-lower prices, bitcoin remains higher by over 50% year-to-date.
The downtrend in the yen has resumed in strong fashion, a good sign for risk assets, crypto among them.
Gold has made another all-time high, climbing through $2,700 per ounce, as has the S&P 500, which rose above 5,870 on Thursday.
While bitcoin is up 15% from the October low and appears set to rechallenge the $70,000 level, it remains about 8% below its record high recorded seven months ago.
A fresh weakening trend in the Japanese yen bodes well for risk assets going forward.$BTC
Bitcoin's (BTC) 8% rally this week has, outperformed gold and the S&P 500, but the cryptocurrency is still below its all-time high, while the yellow metal and benchmark U.S. stock index each climbed to new records.
At $2,718, gold is up 32% year-to-date and on its way to its best annual performance since 2010, when it rose 38%. The S&P 500, meanwhile, is ahead about 23% for 2024. Though not joining in the fun of new records after what's now a seven-month period of sideways-to-lower prices, bitcoin remains higher by over 50% year-to-date.
#$BTC Bitcoin Isn't at a Record Like Gold and S&P 500, but an Overlooked Catalyst Suggests a Coming Change
The downtrend in the yen has resumed in strong fashion, a good sign for risk assets, crypto among them.
Gold has made another all-time high, climbing through $2,700 per ounce, as has the S&P 500, which rose above 5,870 on Thursday.
While bitcoin is up 15% from the October low and appears set to rechallenge the $70,000 level, it remains about 8% below its record high recorded seven months ago.
A fresh weakening trend in the Japanese yen bodes well for risk assets going forward.$BTC
Bitcoin's (BTC) 8% rally this week has, outperformed gold and the S&P 500, but the cryptocurrency is still below its all-time high, while the yellow metal and benchmark U.S. stock index each climbed to new records.
At $2,718, gold is up 32% year-to-date and on its way to its best annual performance since 2010, when it rose 38%. The S&P 500, meanwhile, is ahead about 23% for 2024. Though not joining in the fun of new records after what's now a seven-month period of sideways-to-lower prices, bitcoin remains higher by over 50% year-to-date.
The downtrend in the yen has resumed in strong fashion, a good sign for risk assets, crypto among them.
Gold has made another all-time high, climbing through $2,700 per ounce, as has the S&P 500, which rose above 5,870 on Thursday.
While bitcoin is up 15% from the October low and appears set to rechallenge the $70,000 level, it remains about 8% below its record high recorded seven months ago.
A fresh weakening trend in the Japanese yen bodes well for risk assets going forward.$BTC
Bitcoin's (BTC) 8% rally this week has, outperformed gold and the S&P 500, but the cryptocurrency is still below its all-time high, while the yellow metal and benchmark U.S. stock index each climbed to new records.
At $2,718, gold is up 32% year-to-date and on its way to its best annual performance since 2010, when it rose 38%. The S&P 500, meanwhile, is ahead about 23% for 2024. Though not joining in the fun of new records after what's now a seven-month period of sideways-to-lower prices, bitcoin remains higher by over 50% year-to-date.
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🚨 GPSUSDT Crashes After Spot Listing! 🚨
The highly anticipated GPSUSDT pair has seen extreme volatility after its spot listing on Binance. Following an initial surge, the price has now broken down sharply, dropping over 25% in the last few hours.
📉 Current Price: $0.1061 (-22.84%)
📊 24H High: $0.2044
📊 24H Low: $0.1025
🔥 24H Volume: 1B+ GPS traded
This sudden dip could present a buying opportunity or signal further downside. Will GPSUSDT recover, or is this just the beginning of a larger sell-off?
#GPSonBinance #MarketPullback
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