Forwarded from Official VIP Group
Bitcoin to Gold Correlation Rises, Physical Metal Buyers Pay Premium
After seeing a decline for more than 3 months, the correlation between bitcoin (BTC) and gold is once again on the rise, with the sharpest increase seen in late July as gold, silver, and bitcoin have all soared higher in price. At the same time, investors are forced to pay premium over the spot prices for access to physical bullion.
According to data from Coin Metrics, the correlation between bitcoin, often referred to as digital gold, and the yellow metal is now back in positive territory, hovering around levels not seen since late April this year, after dipping into negative territory in June.
The news of an increasing correlation between the traditional safe-haven metals and bitcoin also comes as the US Mint, which produces investment-grade gold & silver coins as well as circulating US coinage, last week announced that they have had to reduce the number of employees working per shift due to the COVID-19 pandemic.
And according to a Bloomberg report from this week, citing an internal document from the Mint, the reduction in on-site staff has also forced the government-owned entity to reduce the number of gold and silver bullion coins it supplies to distributors.
The document, which was reportedly presented to authorized purchasers of US Mint bullion coins, said that the Mint’s West Point production facility is no longer able to produce gold and silver coins at the same time, meaning it must choose one metal over another, the report said.
The news of a reduction in the supply of physical gold and silver from the US Mint comes at a time when the physical precious metals market is seeing high demand from investors, who are already forced to pay premiums over the spot prices for access to physical bullion.
Judging from prices on APMEX, one of the largest online bullion dealers in the US, buyers of the US Mint’s American Eagle gold coin must now fork out a minimum of USD 2,115 per ounce, approximately 7.5% over the current spot price. Meanwhile, American Silver Eagles retails for USD 34.8 per ounce for the largest quantities, a whopping 47% above spot.
After seeing a decline for more than 3 months, the correlation between bitcoin (BTC) and gold is once again on the rise, with the sharpest increase seen in late July as gold, silver, and bitcoin have all soared higher in price. At the same time, investors are forced to pay premium over the spot prices for access to physical bullion.
According to data from Coin Metrics, the correlation between bitcoin, often referred to as digital gold, and the yellow metal is now back in positive territory, hovering around levels not seen since late April this year, after dipping into negative territory in June.
The news of an increasing correlation between the traditional safe-haven metals and bitcoin also comes as the US Mint, which produces investment-grade gold & silver coins as well as circulating US coinage, last week announced that they have had to reduce the number of employees working per shift due to the COVID-19 pandemic.
And according to a Bloomberg report from this week, citing an internal document from the Mint, the reduction in on-site staff has also forced the government-owned entity to reduce the number of gold and silver bullion coins it supplies to distributors.
The document, which was reportedly presented to authorized purchasers of US Mint bullion coins, said that the Mint’s West Point production facility is no longer able to produce gold and silver coins at the same time, meaning it must choose one metal over another, the report said.
The news of a reduction in the supply of physical gold and silver from the US Mint comes at a time when the physical precious metals market is seeing high demand from investors, who are already forced to pay premiums over the spot prices for access to physical bullion.
Judging from prices on APMEX, one of the largest online bullion dealers in the US, buyers of the US Mint’s American Eagle gold coin must now fork out a minimum of USD 2,115 per ounce, approximately 7.5% over the current spot price. Meanwhile, American Silver Eagles retails for USD 34.8 per ounce for the largest quantities, a whopping 47% above spot.
Forwarded from Official VIP Group
QTUM/BTC had a dip into the Golden Cross between EMA50 & EMA200
Support Cluster of EMA50, EMA200 & MA200 + Strong Horizontal Support held up the price during BTC ride to 12k
QTUM looks promising here
@CryptoWorldTina
Support Cluster of EMA50, EMA200 & MA200 + Strong Horizontal Support held up the price during BTC ride to 12k
QTUM looks promising here
@CryptoWorldTina
Forwarded from Official VIP Group
BTC Monthly:
One measure of a bull market:
Price > 26 Hume MA > 9 Simple MA > 21 Exponential MA
Twice prior this has signaled a prolonged bull run.
Monthly MA's are like aircraft carriers, i.e., slow to turn.
A reversal at this point is unlikely.
@CryptoWorldTina
One measure of a bull market:
Price > 26 Hume MA > 9 Simple MA > 21 Exponential MA
Twice prior this has signaled a prolonged bull run.
Monthly MA's are like aircraft carriers, i.e., slow to turn.
A reversal at this point is unlikely.
@CryptoWorldTina
Forwarded from Official VIP Group
#BNB
The first target was reached, at the momen trades in +7% profit. Closing 1/5 of the position here, another part on hold.
@CryptoWorldTina
The first target was reached, at the momen trades in +7% profit. Closing 1/5 of the position here, another part on hold.
@CryptoWorldTina
Forwarded from Official VIP Group
Bitcoin Hits USD 12K, Crashes By USD 800 In Minutes; Ether, XRP Still In Green
The most popular cryptocurrency, bitcoin (BTC), started Sunday on a volatile note, as its price crashed by more than USD 800 in 25 minutes after topping USD 12,000, once again prompting a selloff in the whole market.
At pixel time (06:31 UTC), BTC trades at USD 11,261, after rebounding from USD 11,130, compared with USD 12,041, reached earlier today (UTC time). The last time BTC was over this level is August 2018.
The price is down by 3.6% in a day, trimming its weekly gains to 16%. BTC is up by 23.5% in a month and almost 5% in a year.
Other major coins from the top 10 are down by 2%-7%, except ethereum (ETH) and XRP that are up by 4% (USD 372) and almost 7% (USD 0.286) in day, respectively. However, both coins have dropped sharply too. Earlier today, ETH reached USD 409, while XRP touched USD 0.323.
The total market capitalization dropped by 2%, to USD 342bn. Bitcoin dominance, or the percentage of the total market capitalization, slipped by less than 1 percentage point, to 60.6%.
@CryptoWorldTina
The most popular cryptocurrency, bitcoin (BTC), started Sunday on a volatile note, as its price crashed by more than USD 800 in 25 minutes after topping USD 12,000, once again prompting a selloff in the whole market.
At pixel time (06:31 UTC), BTC trades at USD 11,261, after rebounding from USD 11,130, compared with USD 12,041, reached earlier today (UTC time). The last time BTC was over this level is August 2018.
The price is down by 3.6% in a day, trimming its weekly gains to 16%. BTC is up by 23.5% in a month and almost 5% in a year.
Other major coins from the top 10 are down by 2%-7%, except ethereum (ETH) and XRP that are up by 4% (USD 372) and almost 7% (USD 0.286) in day, respectively. However, both coins have dropped sharply too. Earlier today, ETH reached USD 409, while XRP touched USD 0.323.
The total market capitalization dropped by 2%, to USD 342bn. Bitcoin dominance, or the percentage of the total market capitalization, slipped by less than 1 percentage point, to 60.6%.
@CryptoWorldTina
Forwarded from Official VIP Group
Trust Wallet Token $TWT has increased 3 times in less than a week. But there are no significant volumes.
@CryptoWorldTina
@CryptoWorldTina
Forwarded from Official VIP Group
Here we can see, the short term range seems to be 11320ish and 11150ish, levels of the triangle that need to break. Past days we had some big wicks to around 10950, so that should be a key level. If that breaks, good chance it drops even more
@CryptoWorldTina
@CryptoWorldTina
Forwarded from Official VIP Group
732% Profit in July! That's our Bullet Scalping & Bullet Altcoin Premium channels statistics 📈
There are hundreds of supposed experts with “years” of experience in trading, thousands % of profit and 100% accuracy rate, yet none of them has shown any proof of it. They just give random signals in their VIP groups and show you only profitable trades, which are the minority.
Our VIP members have been making HUGE profits in July. We took 32 trades, 28 of them were closed in profit, and only in 4 cases out of 32 we were stopped out in a loss
The accuracy rate is astounding 88%! Total profit is 732%
If you want to buy our VIP channels subscription - contact
@CryptoWorldTina
There are hundreds of supposed experts with “years” of experience in trading, thousands % of profit and 100% accuracy rate, yet none of them has shown any proof of it. They just give random signals in their VIP groups and show you only profitable trades, which are the minority.
Our VIP members have been making HUGE profits in July. We took 32 trades, 28 of them were closed in profit, and only in 4 cases out of 32 we were stopped out in a loss
The accuracy rate is astounding 88%! Total profit is 732%
If you want to buy our VIP channels subscription - contact
@CryptoWorldTina
Forwarded from Official VIP Group
#XTZ
A small precaution for XTZ traders (which is on hype now). Tezos is below strong resistance zone between 2970-3035. If you are long from the bottom consider taking profits there. If you FOMO and want to join, better think twice and wait several days for pullback to 2780 / 2700.
@CryptoWorldTina
A small precaution for XTZ traders (which is on hype now). Tezos is below strong resistance zone between 2970-3035. If you are long from the bottom consider taking profits there. If you FOMO and want to join, better think twice and wait several days for pullback to 2780 / 2700.
@CryptoWorldTina
Forwarded from Official VIP Group
Forwarded from Official VIP Group
New Asian Crypto Behemoth Blessed But Merger Delayed
Japanese regulators have given their approval to a proposed merger between chat app giant Line and the Softbank-backed Yahoo Japan.
Per multiple media outlets, including Fn News, the Japan Fair Trade Commission, the government body responsible for regulating economic competition in the country, granted permission for the deal to go ahead.
However, the world may have to wait a little longer before the new tech giant makes its debut on the scene. Digital Today reported that although the operators had hoped to complete the merger at the end of September this year, it now looks like the firms will complete the deal on February 28 as a result of coronavirus pandemic-related delays.
Both firms have numerous crypto connections – and the deal could potentially create a new Asian crypto behemoth.
Line was founded by Naver, South Korea’s biggest search engine operator. It has since spun off into a separate company, headquartered in Japan – where it claims to have upwards of 81 million monthly active users, in addition to a large user base in Southeast Asia. However, Naver still retains a major interest in Line, with many South Korean media outlets referring to it as a “Naver subsidiary.”
Line operates a number of crypto exchanges, including the licensed Bitmax trading platform in Japan, which links directly to the Line chat app. It also operates the Bitbox exchange via a Singapore-based subsidiary.
Naver is also a major investor in blockchain-related business and blockchain gaming.
Yahoo Japan, meanwhile, is a 40% shareholder in the Taotao crypto exchange, which it has linked to the accounts of Yahoo Japan’s 50 million or so active account holders.
Yahoo Japan, which is 48% owned by Softbank, also operates PayPay, an e-pay platform that uses Ripple’s MoneyTap solution.
Also, it has been a momentous day for Line, which also today won regulatory permission to list its native link (LN) token on Bitmax. LN pairings will be added to Bitmax on August 6.
@CryptoWorldTina
Japanese regulators have given their approval to a proposed merger between chat app giant Line and the Softbank-backed Yahoo Japan.
Per multiple media outlets, including Fn News, the Japan Fair Trade Commission, the government body responsible for regulating economic competition in the country, granted permission for the deal to go ahead.
However, the world may have to wait a little longer before the new tech giant makes its debut on the scene. Digital Today reported that although the operators had hoped to complete the merger at the end of September this year, it now looks like the firms will complete the deal on February 28 as a result of coronavirus pandemic-related delays.
Both firms have numerous crypto connections – and the deal could potentially create a new Asian crypto behemoth.
Line was founded by Naver, South Korea’s biggest search engine operator. It has since spun off into a separate company, headquartered in Japan – where it claims to have upwards of 81 million monthly active users, in addition to a large user base in Southeast Asia. However, Naver still retains a major interest in Line, with many South Korean media outlets referring to it as a “Naver subsidiary.”
Line operates a number of crypto exchanges, including the licensed Bitmax trading platform in Japan, which links directly to the Line chat app. It also operates the Bitbox exchange via a Singapore-based subsidiary.
Naver is also a major investor in blockchain-related business and blockchain gaming.
Yahoo Japan, meanwhile, is a 40% shareholder in the Taotao crypto exchange, which it has linked to the accounts of Yahoo Japan’s 50 million or so active account holders.
Yahoo Japan, which is 48% owned by Softbank, also operates PayPay, an e-pay platform that uses Ripple’s MoneyTap solution.
Also, it has been a momentous day for Line, which also today won regulatory permission to list its native link (LN) token on Bitmax. LN pairings will be added to Bitmax on August 6.
@CryptoWorldTina
Forwarded from Official VIP Group
No longer makes sense to invest in equity hedge funds.
Underperformance for the last 10 yrs has been severe.
Top 5% of HFs will always make money.
Failed as an asset class.
#Gold acts as true hedge and has crushed HF perf on most timeframes.
#Bitcoin has crushed everything.
@CryptoWorldTina
Underperformance for the last 10 yrs has been severe.
Top 5% of HFs will always make money.
Failed as an asset class.
#Gold acts as true hedge and has crushed HF perf on most timeframes.
#Bitcoin has crushed everything.
@CryptoWorldTina
Forwarded from Official VIP Group
#XTZ UPDATE
Great, the descending resistance was finally broken! Overall looks bullish.
However, there is a double top located at the $3.33 level (check the chart). It is safe to buy only after the breakout of this resistance or after reversal at $3.1 support.
Marked some targets on the chart. We'll enter only after the resistance is broken.
@CryptoWorldTina
Great, the descending resistance was finally broken! Overall looks bullish.
However, there is a double top located at the $3.33 level (check the chart). It is safe to buy only after the breakout of this resistance or after reversal at $3.1 support.
Marked some targets on the chart. We'll enter only after the resistance is broken.
@CryptoWorldTina
Forwarded from Official VIP Group
Ethereum Transaction Fees Fall by 75% as Congestion Eases
Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July.
Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July.
Forwarded from Official VIP Group
#Matic
Matic could be testing 200 - 206 resistance zones soon. Within today if break out 191 resistance, or in couple of days if will be forced to pull back to 178-180 support again.
@CryptoWorldTina
Matic could be testing 200 - 206 resistance zones soon. Within today if break out 191 resistance, or in couple of days if will be forced to pull back to 178-180 support again.
@CryptoWorldTina
Forwarded from Official VIP Group
#COS
Buying some COS here, joining whales. Next time it will test 74 high chances for breakout. In this case next 76 and after ~83 / 89.
@CryptoWorldTina
Buying some COS here, joining whales. Next time it will test 74 high chances for breakout. In this case next 76 and after ~83 / 89.
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 1264%
🔹 Price: 0.00000882
🚨 Trend: DOWNTREND
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 1264%
🔹 Price: 0.00000882
🚨 Trend: DOWNTREND