Why Bitcoin Ethereum and gold went up ??
Gold, Bitcoin, and Ethereum saw price increases yesterday primarily due to rising investor concerns over global economic and geopolitical uncertainties, such as tensions between major powers and p otential economic slowdowns.
For gold, these fears often drive investors toward safe-haven assets, which are seen as more stable in times of crisis. As inflation worries persist, gold's appeal as a store of value also increases.
Bitcoin and Ethereum benefited from similar safe-haven sentiment, but their rise was also fueled by specific factors within the crypto market. Bitcoin is gaining traction as "digital gold," while Ethereum is attracting attention due to upcoming technological upgrades and strong interest in decentralized finance (DeFi) and NFTs. Positive developments, like XRPâs recent legal win against the SEC, also boosted overall market confidence in cryptocurrencies.
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