đšđš Since the U.S.-Iran war began on February 28, crypto is up and the metals are down.
bitcoin is about +27%. Ether is about +40%. Total crypto market cap is about +26%. Gold is about â19%. Silver is about â34%. Late September had bitcoin nearer +24% and gold nearer â21%, so the gap has widened a little into October.
the split is not a pure safety trade. Stocks rose too. The Nasdaq-tracking QQQ was about +22% by late September, and the S&P 500 about +11%. Goldâs drop lined up with higher rate expectations, not only with the war. A metal that pays no yield loses ground when the long bond sells off.
bitcoin started the period near $67,000 and is near $86,000. That is a recovery from the first-half low as much as a war bid. Etherâs +40% is the larger move of the two.
the metals are down. Crypto is up. The rate path is the other variable in the gold number. The war is the date. It is not the only cause.
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$BTC
$XRP
$ZEC
bitcoin is about +27%. Ether is about +40%. Total crypto market cap is about +26%. Gold is about â19%. Silver is about â34%. Late September had bitcoin nearer +24% and gold nearer â21%, so the gap has widened a little into October.
the split is not a pure safety trade. Stocks rose too. The Nasdaq-tracking QQQ was about +22% by late September, and the S&P 500 about +11%. Goldâs drop lined up with higher rate expectations, not only with the war. A metal that pays no yield loses ground when the long bond sells off.
bitcoin started the period near $67,000 and is near $86,000. That is a recovery from the first-half low as much as a war bid. Etherâs +40% is the larger move of the two.
the metals are down. Crypto is up. The rate path is the other variable in the gold number. The war is the date. It is not the only cause.
â ïž FOLLOW FOR MORE â ïž
$BTC
$XRP
$ZEC
