Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Newcrest Mining
Newcrest Mining CEO: Crypto Investors Need Gold to Hedge Against Price Volatility
Sandeep Biswas, CEO of Newcrest Mining, one of the world's largest gold mining companies, suggested that crypto investors should consider buying gold to hedge against the crypto market's high price volatility. In an interview today, Biswas told Bloomberg that part of the reason crypto investors should acquire the popular bullion is that its value is more stable. According to the CEO, owning gold will be in the best interest of cryptocurrency investors. Hedging Against Price Volatility Biswas’ comment comes on the…
4 years ago