Gold Nearing $2K Questions Bitcoin’s Status as ‘New Standard’ By CoinQuora

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© Reuters. Gold Nearing $2K Questions Bitcoin’s Status as ‘New Standard’
  • Russia’s attacks on Ukraine has negatively impacted crypto and stocks.
  • Meanwhile, gold’s price is surging to $1,949.
  • The spectacle is causing many to rethink Bitcoin’s case as the new hedge standard.

Russia’s invasion of Ukraine has brought various financial markets to their heels, with the entire crypto market witnessing a crash of 8.9%. Meanwhile, US stocks, including Dow Jones and S&P 500, are on a freefall.

S&P 500 ETF 1-day chart (source: TradingView)

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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© Reuters. Gold Nearing $2K Questions Bitcoin’s Status as ‘New Standard’
  • Russia’s attacks on Ukraine has negatively impacted crypto and stocks.
  • Meanwhile, gold’s price is surging to $1,949.
  • The spectacle is causing many to rethink Bitcoin’s case as the new hedge standard.

Russia’s invasion of Ukraine has brought various financial markets to their heels, with the entire crypto market witnessing a crash of 8.9%. Meanwhile, US stocks, including Dow Jones and S&P 500, are on a freefall.

S&P 500 ETF 1-day chart (source: TradingView)

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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