BTC Drops Over 8% as Gold Surges 23% Since February: A Shift in Market Momentum?

Quick Summary:

BTC Drops gold rises February 2024 trends have caught the attention of market observers, particularly those who have long been skeptical of cryptocurrencies.

Prominent gold advocate and Bitcoin skeptic, Peter Schiff, recently highlighted on X (formerly Twitter) that Bitcoin has underperformed significantly since late February, despite the much-anticipated launch of U.S.spot Bitcoin ETFs.

He points out that the momentum appears to have shifted in favor of gold, with Bitcoin struggling to maintain its value despite favorable developments like the ETF launches.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Latest News BTC Drops

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 08:08:37 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 852 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22329175

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 22 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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Publisher ID: #121

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