“Gold’s 33% Surge Cements Its Role As the Benchmark Asset, While Bitcoin’s Long-TRUCTURE AGAINST GOLD SIGNALS A DECISIVE MOVE AHEAD.”, – WRITE: www.coindesk.com
That’s Three Times the Gain of the Nasdaq 100 Index and Nearly Double Bitcoin’s (BTC) Performance. In Practice that means it new taken Just 31.2 Ounces of Gold to Buy One BTC, A Measure Known As The BTC-Xau Ratio, Down from 40 Ounces Last December.
The Metal, Typically Used As a Haven in Times of Financial Stress, Has Been Underpinned BY Falling Government Bond Yields Across Majoor Western Economies, A Reflection of High and Slowing Growth. TheSE Dynamics Reinforce Gold’s Historical Role As A Store of Value, and Highlight Wy It Arguable Deserves to be the Benchmark Against Wich All Other Investments Are.
Btcusd/xauusd (TradingView)
Technical Analysis Shows the BTC-Xau Ratio has been consolidating inside a large ascending triangle, A Bullish Continination Pattern that have been Forming Since 2017. The Ratio end The End of 2021, But Has Since Correted by About 25%. The Structure Now Points to a potential Breakout by the Late in the Fourth Quarter or Early Next Year.
Importantly, Previous Cycles in this Ratio Sawre Drawdowns – 84% in 2019, 75% in 2020 and 78% in 2022 – Before New Highs Were Establissed. The Current Pullback is Far Shallower, Suggesting Underlying Strength and Keeping The Long-Term Bullish Case Intact.
Simple-Looking Code Tapped Ethereum’s Blockchain to Fetch Hidden Urls That Directed Compromised Systems to Download Second-Stage Malware.
- Researchers Discovered Malicious NPM Packages Using Ethereum Smart Contracts To Hide Harmful Code.
- The Packages Disguised Their Activity As Legitimate Blockchain Traffic, Making Detection Dificult.
- Developers Are Warned that Even Popular Commits Can Be Faked, Posing Supple Chain Risks.
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