Posted 12/1/2023, 9:20:00 PM
Bitcoin and Gold Hit New Highs as Crypto Bull Run Continues
- Bitcoin hit a 2023 high near $39,000, while gold futures rose to an all-time high above $2,090 per ounce
- Stocks trended higher after Powell said it was premature to speculate on rate cuts; Treasury yields and dollar index pulled back
- Bitcoin futures hit a new contract high; analysts predict continuation of crypto bull market to $63K by April 2024 and $125K by year-end
- Altcoins broadly higher, with Siacoin, Beam, and Joe seeing gains over 13%; Theta Fuel biggest loser with 10% drop
- Crypto market cap stands at $1.45 trillion; analysts warn of potential volatile 10-15% Bitcoin pullbacks as opportunities to buy the dip