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Keep up with what's happening in the crypto world in real-time.

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cover-imageBenzinga
April 22, 2025

Bitcoin Is Dependent On The US, Not A 'Non-Dollar Asset,' Peter Schiff Says

Bitcoin's (CRYPTO: BTC) status as a non-risk asset is on shaky grounds, according to prominent critic Peter Schiff, who noted its high interdependence with the U.S. economy. What Happened: In a post on X on Monday, Schiff pushed back the idea of Bitcoin as a "non-dollar asset" or a hedge against the dollar, which assumes that BTC is outside U.S. influence.

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cover-imageCointelegraph
April 22, 2025

Bitcoin-to-gold ratio risks 35% decline following Wall Street's $13T wipeout

Bitcoin's (BTC) value relative to gold (XAU) may be poised for a steep 35% drop as it mirrors historical bear market signals and reacts to massive turbulence that has wiped out $13 trillion from the US stock market.Bitcoin's breaks below key gold support As of April 22, the BTC/XAU ratio had closed below its 50-period exponential moving average (50-period EMA; the red wave) on the two-week chart for the first time since April 2022. BTC/XAU two-week performance chart.

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cover-imageBenzinga
April 22, 2025

Bitcoin Reclaims $90,000: Is 'Digital Gold' Heading To $100,000 Next?

Bitcoin (CRYPTO: BTC) on Tuesday surged past the $90,000 mark for a 2.5% daily gain, as experts point to its growing perception as a safe-haven asset akin to “digital gold” amid a weakening U.S. dollar and market volatility. What Happened: The rally, which saw Bitcoin hit a high of $90,480, coincides with gold reaching new highs and U.S. equities sliding to tariff-era lows, prompting analysts to reevaluate the cryptocurrency's role in portfolio diversification.

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