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Headline : Bitcoin and Gold hit all-time highs once again

Read more from the original article on here at nairametrics.com.






Tags : #bitcoin #gold #hit #alltime #highs #once #again


No. of Paragraph 27

Bitcoin and the yellow metal rallied to a record high once again on Monday’s trading session in volatile trading, as crypto mania and the appetite for the precious metal continued to sweep through the global financial space.

The value of Bitcoin and the altcoin market surged this past weekend, with some reaching new all-time highs and others reaching their highest point in years all while Bitcoin momentarily made a comeback to the $70,000 threshold.

With the US dollar under pressure and US Treasury bond yields declining, gold surged higher this week, setting a record above $2,187 per ounce. The pair is still technically overbought ahead of the world’s largest economy’s important inflation data the following week.

The market is receiving additional support from an outlook that includes an upgrade to the Ethereum blockchain platform, which is home to the second-largest cryptocurrency, ether, and a Bitcoin “halving” event in April, which slows the flow of Bitcoin minting. Billions of dollars have poured into ETFs in the last few weeks.

Read more from the original article on here at nairametrics.com.


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