Tags : CMEs

Market

Bitcoin an ‘Rising Competitor’ to Gold, Says CME’s Chief Economist

Bluford Putnam, chief economist and managing director of CME Group, believes bitcoin is an “rising competitor” to gold. In a CME-presented explainer video posted by Bloomberg on Wednesday, Putnam stated the yellow metallic’s ongoing manufacturing, more likely to improve in 2021, contrasts with bitcoin‘s mounted provide. The World Gold Council estimates roughly 197,576 metric tonnes […]Read More

Market

Market Wrap: Bitcoin Solidly Trades Above $20K; Ether Jumps on

Bitcoin has continued buying and selling greater Wednesday after breaking above the $20,000 degree throughout early U.S. buying and selling hours. In the meantime, with a brief provide of bitcoin and a surging demand, merchants and analysts are optimistic the oldest cryptocurrency can hold its bull run going for an extended time. Bitcoin (BTC) buying […]Read More