Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the face of wilting equities markets.

Interestingly, gold and silver prices also rallied 4.42% and 5.94% as the S&P500 and Dow closed the day with moderate losses. This could indicate that market participants who recently exited their stock positions could be looking for shelter and growth in store-of-value assets.

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19 replies
  1. NZ Shares
    NZ Shares says:

    Bitdodgycoin is a joke the most unstable thing ever to put any money in no one knows why it goes up or goes down all pure guess work flip a Bitdodgycoin. lol

    Reply
  2. arslan ali
    arslan ali says:

    Love the videos. Thank you, as a beginner your videos are really helpful. Now, this might be a silly question but which chart are you using? Keep putting out amazing content. 😁👌

    Reply
  3. OmnipotenSe
    OmnipotenSe says:

    I think this whole fiasco is just a transfer of wealth from the public, to corporations, that will now be indebted (owned?) by the Federal Reserve… Our dollars are going to lose a lot of value, I expect higher tax rates and values of all property to drop. People are going to flock to BTC because it can't be inflated, it can't be controlled, and anyone who does even a little bit of research will know what they're investing in. Altogether we will have a lot more newbies to Crypto which means awareness and faith in blockchain technology, more volume, and making it more clear than ever to people that paper bills backed by LITERALLY nothing but promises to pay debt is a SCAM and we ALL pay for it because we don't think there's an alternative. Well there is an alternative…

    Reply

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