The leading cryptocurrency by market value, widely considered digital gold due to its finite supply, remains listless above $29,000, extending its multi-week dull price action. Bitcoin was one of the preferred safe havens during Turkey’s currency crisis of 2021. Gold, meanwhile, hit a seven-week low of $1,896 per ounce on Tuesday and traded around $1,905 at press time.
- Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash
Written by Bankerage Published on August 16, 2023