Bitcoin price dips to $62k, bullish options traders bet on $80k by month-end

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Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

The crypto market was in consolidation mode on Tuesday as Bitcoin continued to hold above $63,000, most altcoins recorded minor declines, and stocks finished flat. - Gold’s new consolidation phase is creating an opportunity for investors to increase their exposure to the precious metal and the undervalued mining sector, according to one fund manager.

– Gold prices continue to face headwinds from elevated bond yields, while silver is set to benefit from the global 5G rollout for years to come, according to analysts at Heraeus.Crypto funds recorded $251 million in outflows last week, the fourth consecutive week of losses, but on-chain data suggests that the trend may soon reverse, and prices could follow suit.

 

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