Bitcoin Rises to Almost $46K as Price of Gold Crashes 6% in Two Hours

As Bitcoin moves towards $46000, gold is having a bad Monday morning. Things are looking great for Bitcoin though – the king of crypto is now at $45750

Price of Gold Crashes 6% in Two Hours

“The price of gold crashed from just over $1,800 to around $1,690 per ounce yesterday afternoon, its lowest price since March, after what trading firm City Index called “stop-loss related selling in very thin market conditions.”

While gold spiraled downward, the price of Bitcoin increased by 3% in the past 24 hours to highs of almost $46,000, leading some investors in the ‘digital gold’ to gloat at the sudden collapse of what they consider its physical predecessor.”


Master Asked on August 9, 2021 in Bitcoin.
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