Bitcoin hovers near $77,000 with ‘broader downtrend intact’

Bitcoin hovers near ,000 with ‘broader downtrend intact’

Bitcoin (BTC-USD) passed near $76,000 per token on Sunday with some strategists warning that its recent selloff may not be over as investors appear reluctant to buy the dip. The world’s largest cryptocurrency fell sharply over the weekend to hit its lowest level since last April, marking its fourth consecutive month of losses. The lower … Read more

Gold drops to $4,900, silver crashes 25% as precious metals trade dips

Gold drops to ,900, silver crashes 25% as precious metals trade dips

Gold futures (GC=F) fell as much as 11% to trade below $4,800 an ounce on Friday in a sharp reversal of this year’s massive rally in precious metals. Spot gold saw its biggest daily drop since the early 1980s while silver (SI=F) also fell more than 25%, its biggest daily drop on record in a … Read more

Gold accelerates losses, silver falls 20% as precious metals rally evaporates

Gold drops to ,900, silver crashes 25% as precious metals trade dips

Gold futures (GC=F) headed for their worst day since the early 1980s. The precious metal fell more than 10% to hover near $4,750 an ounce on Friday while silver (SI=F) also fell more than 20%, the biggest daily decline on record in several reversals of this year’s massive rally in precious metals. The volatility came … Read more