Bitcoin Traps Gold’s Market Share as Sovereign Bonds Become Unattractive5.4

Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation.

That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the $13,000 level has only one potential link to the yellow metal’s ascent above $1,400 an ounce: a weaker US dollar sentiment.

Original source
https://www.newsbtc.com/2019/07/04/bitcoin-traps-golds-market-share-as-sovereign-bonds-become-unattractive/

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