Posted 2/12/2024, 9:22:06 AM
Bitcoin Surges Ahead of Halving While Gold Waits on Inflation Data
- Gold trading in narrow range ahead of US CPI data on Tuesday which could inject some volatility
- Bitcoin rallying, trading above $48k and targeting $49k next with little resistance seen before $52k
- Bitcoin price being driven by successful spot BTC ETF launches and upcoming Bitcoin halving in April
- Bitcoin halving occurs every 4 years, cutting mining rewards by 50% leading to increased scarcity
- Author asks for reader feedback on bullish or bearish views on gold and bitcoin via form or Twitter