Tradersguruji

Bitcoin believers have nothing to worry about; their crypto is here to stay Bitcoin enthusiasts are in the middle of an existential crisis. Since its mid-April high, the price of Bitcoin has tumbled by as much as 47%. Meanwhile, China — where up to three-quarters of the world’s supply comes from — is curtailing mining and trading. And how solid a rock is the world’s largest cryptocurrency when a few cryptic tweets from Tesla Inc. founder  Elon Musk  can send it wobbling? Institutional investors have been heading for the exit — for gold. But true believers take heart! Other investments require even greater leaps of faith. You can do a lot worse than Bitcoin. Bitcoin has a simple concept: It is a digital token with a finite supply that’s been around for 14 years. By comparison, in the traditional world of stocks and bonds, you’ll be hard pressed to find assets that have such investor enthusiasm and such a clear story to sell. Consider the electric vehicle craze. QuantumScape Cor...

Gold Down over Softer-Than-Expected U.S. Jobs Data By Gina Lee Investing.com – Gold was down on Monday morning in Asia after lower-than-expected U.S. nonfarm payrolls data released on Friday eased investors’ concerns that the U.S. Federal Reserve would tighten its current dovish monetary policy. Gold futures   edged down 0.12% to $1,889.75 by 12:04 PM ET (4:04 AM GMT). The   dollar , which usually moves inversely to gold, inched up on Monday while the benchmark   10-year U.S. Treasury yield   slipped below 1.6%. Data released on Friday said that  non-farm payrolls  in May increased to 559,000, higher than April’s 278,000 reading but below 650,000 figure in forecasts prepared by Investing.com. The lower-than-expected figure eased investors’ concerns about potential runaway inflation and earlier-than-expected interest rate hikes. Meanwhile, U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. President Joe Biden’s $4 trillion spending plan would be g...