Category Krypto

Bitcoin rises to a new all-time high – gold, however, experiences massive devaluation. Coincidence?

  In the last four months gold has lost $4 trillion in market valuation. Bitcoin, in turn, has gained about $180 billion over the same period. Both gold and Crypto Bull have been the beneficiaries of the Federal Reserve’s aggressive monetary easing policy. The precious metal reached its record high of $2,075.82 an ounce on August 7, 2020. But it could not hold the peak. A wave of profit selling occurred and corrected the XAU/USD price by up to 14.97 percent. Bitcoin, on the other hand, also saw local sell-offs, but continued to rise. On December 1, 2020, the flagship…