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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 ...

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: Investing.com 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 retail investors may end up with a hot potato if the spot ETF go-ahead plays out like gold 20 years ago, analysis considers. Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval: Retail may be left holding the buck Bitcoin is already a target for traditional finance, or “TradFi,” which is betting on winning big out of the spot ETF approval, Lim said. “We know tradfi guys / macro tourists are already long crypto ahead of ETF news, they’ve built the position over the last few months and are now paying handsomely to roll it,” the thread explained alongside data covering open interest on CME Group’s Bitcoin futures. “Commitment of traders data showing asset managers increased length by about $1bn since end of Sep.”...