Novagentrade

09 Feb 2023

Bitcoin and other cryptocurrencies

For many, ‘virtual’ currencies such as Bitcoin remain a mystery primarily associated with online criminals, despite no longer being far removed from the monetary system and transactions we’re used to.

09 Feb 2023

The rise of digital gold: Bitcoin’s correlation to gold hits multi-year high

Bitcoin’s (BTC) correlation with gold reached a multi-year high last week and is presently above 50%, exceeding its correlation with U.S. stocks.

09 Feb 2023

First Mover Asia: Bitcoin Extends Its Stay Below $28K, Dogecoin Stays Hot

Dogecoin surged after Twitter replaced its familiar blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo. ALSO: Is Indonesia’s CBDC a potential alternative to Visa and Mastercard?

09 Feb 2023

Bitcoin Miners ETF Leads Q1 Performance With Staggering 107 percent Growth

With a 107% increase, the ETF has experienced significant growth during this period, reflecting an upturn in the Bitcoin mining industry after the downfall of Sam Bankman-Fried (SBF) and his FTX trading empire.

09 Feb 2023

Bitcoin’s Correlation to Gold: A Modern Store of Value?

Bitcoin and gold are often compared as stores of value due to their scarcity and use as inflation hedges. Their correlation varies with market conditions and regulations. Understanding this helps investors diversify and manage risk, highlighting Bitcoin's growing role in finance.

09 Feb 2023

Blockchain, cryptocurrencies, and Investment