Gold under pressure, Bitcoin on the rise
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Gold under pressure, Bitcoin on the rise
Gold is currently going through a rather turbulent period as the US dollar strengthens. The DXY peaked at 99.4 points and the price of gold fell 0.6% to $3,296 per ounce. Meanwhile, investors are considering other assets, particularly Bitcoin. Often referred to as digital gold, BTC is gaining credibility as an alternative for classic investment vehicles, as the price of Bitcoin is keeping above 100,000 USD. Some analysts believe that the king …
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