Gold Price Forecasted to Reach New All-Time High

With the hype around Bitcoin ETFs and the rise of BTC over the last several weeks, another asset may be on its way to blossoming. Amid a climb to $2055 this week, the gold price has been forecasted to reach a new all-time high by the end of 2024. The asset hit its current all-time high in November of last year. Then, the asset of $2,135 was a moment that infused the market with optimism. Although the asset has yet to follow through on that anticipation, the Federal Reserve interest rate cuts are expected to bring renewed excitement and investment into the metal. Source: Finbold Also Read: Gold Ascends & The US Dollar Dips as PCE Data Shows Positive Uptick Gold Price Predicted to Reach New ATH in Q4? Entering into 2024, both GOLD and Bitcoin shared little more than the excitement that investors had over their impending performance. Ending 2023 on a positive note, both assets had the potential to soar. To this point, BTC has made good on that, surpassing $62,000 for the

After Bitcoin, Gold Prices Skyrocket To $2,055: Here's Why It's Rising

The cryptocurrency market is rallying hard this week after Bitcoin climbed above the $63,000 mark on Wednesday. The digital assets sectors experienced an influx of new investments after the SEC approved the Bitcoin ETF early this year. The development propelled Bitcoin to skyrocket and now, the GOLD prices are following suit as the XAU/USD chart hit $2,055. Also Read: Ripple: XRP Forecasted To Surge 200% Source: Gold prices are rallying similar to Bitcoin this week making the precious metal reach a new weekly high. The commodity market is gaining significantly while the forex market, mostly the US dollar is heading south. In this article, we will highlight why GOLD prices went north and how can it go in March 2024. After Bitcoin, Why Are Gold Prices Rising? Source: ShutterStock The price of GOLD hit $2,055 and is up nearly 11 points in the 24-hours day trade. Gold also spiked 0.5% since yesterday and is displaying extreme bullish sentiments similar to Bit

Bitcoin ETF Trading Volume Hits $4.69 Billion Today

The total Bitcoin ETF trading volume today has officially hit $4.69 billion. The hype around Bitcoin continues as the leading cryptocurrency surges on, and ETFs are riding the wave this week. Bitcoin is currently up over $60,000 after a massive surge during the past week. Out of the current available Spot Bitcoin ETFs available, BlackRock’s product was the leader in trading volume at $1,881,560,590. Grayscale, however, didn’t trail far behind, seeing a $1,360,694,512 TV on Thursday. JUST IN: Total spot #Bitcoin ETF trading volume surpasses $4.69 billion today: • BlackRock: $1,881,560,590 • Grayscale: $1,360,694,512 • Fidelity: $1,006,042,968 • ARK Invest: $193,745,064 • Bitwise: $151,093,710 • Invesco: $46,948,701 • VanEck: $23,374,814 • WisdomTree:… — Watcher.Guru (@WatcherGuru) February 29, 2024 The surge of Bitcoin’s price and the rise of Spot BTC ETFs this week are directly correlated of course. However, the upcoming Bitcoin Halving is also a likely contributor to th

Did Craig Wright use 'staged laptop' at Satoshi key signing ceremony?

Day 18 of the Crypto Open Patent Alliance (COPA) v. Craig Wright trial saw, for the first time, an entire day’s worth of questions focused on Satoshi’s private keys. Wright claims that they’re his but COPA says he’s not Satoshi. As Bitcoin’s creator and first miner, Satoshi earned over 1 million bitcoin via Bitcoin’s coinbase mining reward.  Those wallets hold over $60 billion worth of Bitcoin today meaning that, unless Satoshi destroyed, gave away, or died with those private keys, they might be the 25th richest person on Forbes’ billionaire leaderboard. The court welcomes two cryptographers Two witnesses took the stand in London’s High Court of Justice on Wednesday to discuss exactly who owns Satoshi’s private keys. First up was Zeming Gao, who describes himself as a ‘student of truth’ and an intellectual property attorney-turned ‘company-as-a-product” consultant. He also authored Bit & Coin: Merging Digitality and Physicality: Volume I. Gao also previously commented on a

Top Crypto Gainers Today February 29 – Toncoin, Litecoin, Solana, Tezos

The everyday crypto market always has a class of top gainers and losers. Let’s see the highlights of the gainers. Toncoin, emerging from Telegram’s blockchain, stands out with its recent 20.36% surge to $2.57, positioning it as the 15th largest crypto. Litecoin, founded in 2011, excels in rapid transactions and privacy enhancements, reflected in its recent 10.64% increase to $82.15. Solana offers rapid DeFi solutions yet faces challenges with outages and venture capital concerns despite a remarkable 14.30% top-up to $124.51. Tezos pioneers blockchain evolution, trading at $1.26 with a 9.27% spike despite underperforming against BTC and ETH. Also, Frog Wif Hat disrupts the meme coin space with a fair launch and locked liquidity, surging by 54.49% to $0.001561.  Biggest Crypto Gainers Today – Top List In the last 24 hours, the cryptocurrency market saw a significant trading volume of $712.33B. The sentiment remains bullish, evidenced by the Fear & Greed Index, which is at a high

Shiba Inu: You Can Now Become a SHIB Millionaire With Just $10

Shiba Inu (SHIB) has finally deleted a zero from its price, which it gained in December last year. The asset has seen a significant price spike over the previous week. SHIB has rallied by nearly 6% in the daily charts, 14.6% in the weekly charts, and 21.4% over the last month. Source: CoinGecko Also Read: PEPE Surges 50%: Outshines Dogecoin (DOGE) and Shiba Inu (SHIB) With SHIB trading at $0.000010, investors can purchase one million tokens for just $10. In other words, you can become a SHIB millionaire for as little as $10. When will Shiba Inu (SHIB) reclaim its all-time high? Despite the recent rally, Shiba Inu (SHIB) has still down by nearly 12% since February 2023. Moreover, the asset’s price has fallen by over 87% from its all-time high of $0.00008616, which it attained in October 2021. If SHIB reclaims its 2021 peak, one million SHIB tokens would be worth around $86, with a profit of about $76. According to Changelly, SHIB may reclaim its all-time high in 2029, reac

IRS turns to private-sector crypto experts to boost enforcement

As the crypto currency industry proliferates in the mainstream, demands for its en force ment by government agencies are growing, including the United States Internal Revenue Service (IRS), which has recently brought in two private-sector experts to assist in its efforts. Specifically, the IRS has hired as executive advisors Sulolit ‘Raj’ Mukherjee, JD, a former Global Head of Tax at a private blockchain software technology firm, and Seth Wilks, CPA, who has worked extensively in the area of crypto asset tax policy, the agency said in a press release on February 27. Bolstering crypto enforcement Commenting on the development, IRS Commissioner Danny Werfel highlighted the complexity of the rapidly growing crypto sector , the importance of intensifying en force ment in this area for the sake of taxpayers and the country as a whole, as well as stressing the IRS’s activities to this end: Picked for you Here's what crypto the jailed FTX founder is advising prison gua