 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
JPMorgan Chase & Co. has noted that Bitcoin's "digital gold" narrative is falling apart
Apr 04, 2025 at 01:10 am
This comes after the cryptocurrency has slipped by nearly 6% amid the ongoing tariff mayhem.
Bitcoin's "digital gold" narrative is disintegrating as the world's leading cryptocurrency is exhibiting a high level of correlation with U.S. equities, according to a recent report by banking giant JPMorgan.
The cryptocurrency has slipped by nearly 6% amid the ongoing tariff mayhem.
Earlier today, Canadian billionaire Frank Giustra urged Bitcoin evangelists to drop the narrative that the cryptocurrency is a digital version of gold.
According to Giustra, Bitcoin tends to perform as a typical risk asset.
Bitcoin has dramatically underperformed gold in the first quarter of 2025, with risk assets taking a beating due to the drama surrounding global trade tensions.
Earlier today, Bitcoin plunged to an intraday low of $81,332, according to CoinGecko. The cryptocurrency has dropped by more than 6%.
Meanwhile, the tech-heavy Nasdaq 100 index has plunged by more than 5%.
According to Nikolaos Panigirtzoglou, a managing director at JPMorgan, gold is currently benefiting from the debasement trade.
Earlier this Thursday, Mike McGlone, chief commodities analyst at Bloomberg, opined that Bitcoin is proving to be more “leveraged beta” than digital gold.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
-
-
- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
-
-
- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
-
-
- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
-
- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
